I got here into the 12 months stating $SNAP was my inventory of the 12 months for 2019 (CLICK HERE). On the time it was buying and selling round $5 and alter. I’ve shared many causes with the Exodus buying and selling room on why I believe it’s a purchase, I cannot go over them once more.
Yesterday’s report and convention name gave me affirmation that all the things is on monitor and going as deliberate. We had a small hiccup with a change on the CFO place, however the inventory was beat up so dangerous, the information proved to be a non-event. Within the name, we didn’t get a lot when it comes to extra steering, however we did get some good updates on the app, particularly the android software. Quickly decrease finish telephones customers will have the ability to get a wealthy expertise on the app. With many updates and redesigns on the App, issues are actually in movement to scale the advert platform. And, scalability is what we shall be searching for going ahead.
All that mentioned, and I’m locking in some positive aspects, promoting half my place right here @ $9.05. I’m nonetheless very bullish on the corporate, however wished to lock some in after this transfer from $5. I shall be utilizing weak point within the title to re-add to my place.
Lengthy reside $SNAP, millennials, and my inventory of the 12 months picks.