So Snapchat starts trading today under $SNAP.
Talk about perfect timing by Snapchat with the markets surging to all-time highs.
My daughter Rachel, who has a hot hand, will be adding $SNAP to her portfolio.
Over on Stocktwits we ran a quick contest asking the community where Snapchat would open for trading and as of bedtime we are at 800 price predictions. A quick eyeball of the whole stream is bullish.
One of our community members analyzed the first 100 and shared the data:
It’s fun to see how this all works in real time on the streams.
As for my take take on the IPO and markets today…I give you Stephen Colbert:
Dow passes 21,000 for 1st time thanks to belief in the 'new Trump.' Wall Street knows best since they never ever get duped by billionaires.
— Stephen Colbert (@StephenAtHome) March 2, 2017
The ‘Super Dupe’ rally of 2017 is relentless and ok with me (I own a lot of stocks).
Also published on Medium.