Re:Snap values itself at nearly $24B with its IPO pricing
by empath75 on Wednesday March 01, 2017 @05:28PM
(#13769178)
Shorting snap will be hard right after the IPO, but if SNAP tanks, the whole tech sector is going to fall over, so shorting basically anything is probably a strong play.
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Re:Snap values itself at nearly $24B with its IPO pricing
by idiot_stick on Wednesday March 01, 2017 @05:40PM
(#13769272)
>so shorting basically anything is probably a strong play.
I'm positioning myself for massive fiscal stimulus (that was denied the Democratic president) and higher stock prices. I guess we'll see.
Re:Snap values itself at nearly $24B with its IPO pricing
by dragonwriter on Wednesday March 01, 2017 @08:04PM
(#13770432)
Republicans are basically ideologically opposed to fiscal stimulus and all their signals are on massive cuts to non-defense, non-law-enforcement spending (with the main debates among Republicans being over how massive those cuts should be and where they are targeted), so good luck with that.
The closest thing to fiscal stimulus we're likely to see is top-weighted tax cuts, which are ineffective stimulus at best, and what benefit can be derived from them has pretty well been looked over the last several decades.
OTOH, top-weighted and particularly corporate tax cuts are likely to improve stock market returns in the short term, so, maybe not so bad a position to be in if you can time your exit right.
Re:Snap values itself at nearly $24B with its IPO pricing
by oh_sigh on Wednesday March 01, 2017 @05:37PM
(#13769247)
Why would the tech sector be generally affected?
Re:Snap values itself at nearly $24B with its IPO pricing
by ajmurmann on Wednesday March 01, 2017 @05:48PM
(#13769341)
We haven't seen a good tech IPO in a while. Given that and the supposed diminishing funding the Snapchat IPO will set a signal. If Snapchat crashes it will reinforce the narrative that tech is in trouble.
Re:Snap values itself at nearly $24B with its IPO pricing
by empath75 on Wednesday March 01, 2017 @06:01PM
(#13769472)
All the unicorns are going to have valuations looked at again, which is going to make it hard for them to raise money, which is going mean they'll have to lay people off which is going to have ripple effects throughout the economy. Might not impact google much, but it'll hit amazon for sure as stuff like aws spending gets looked at.