RedHotStocks

$SNAP Now may not a great time to enter SNAP but we stay long.

Long
NYSE:SNAP   Snap Inc.
We have been very positive on snap for some time now and recent developments within the companies product offering has reaffirmed our confidence in the long term prospects for the stock. Despite downgrades the stock has held strong ans has made a few shorts suffer. WE have held the stock for some time and have nice profits built up but we will not be selling anytime soon, in saying that we would not suggest entering a position prior to earnings as 10% moves are quite normal. It has also been notable the recent volume of call options traded with a $17 price target expiring 5/17/19.

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