Jul. 3 at 5:07 PM
$SNAP is one of the most asymmetric setups I see right now: limited personal downside, potentially enormous upside.
I bought 3,000 shares this week at a
$4.78 average. For me, the position is essentially a rounding error. If SNAP theoretically went to zero, it wouldn’t change my life or cost me sleep. But I couldn’t ignore the setup.
I’ve dug into the financials, the technology, and especially the new Specs. I’m also looking at the footprints in the sand—and, to me, those footprints suggest I’m on the right side of this trade.
Could I be wrong? Absolutely. That’s why I sized it appropriately. But I believe the probability of SNAP going substantially higher from here is far greater than the probability of it going substantially lower.
And I’m not here for a quick move to
$10 or
$15. I’m here because I think this could become something much, much bigger.
The market is pricing SNAP like the story is over.
I think the real story is just beginning.
