Jun. 25 at 8:28 PM
$SNAP the drop today was macro. Apple was down big, crypto as well and hence a bunch of tech and software stocks.
But the 20 % fall that happened seemingly only because of the Specs glasses (notice how
$SNAP $PINS $RDDT used to be neck and neck year to date but now SNAP is trailing by 20 %) has yet to be reversed.
It’s not going to trade in the
$4 range for very long. Everyone knows that. It’s just a matter of time before it gets back to
$5 and from there I don’t know what it will take to get to
$6 again- probably earnings in the beginning of August.