SNAP SHORT - HUGE REJECTION COMING

15 Mar 2019

Snapchat has ran +141% in 12 weeks. The company has no profits, no user growth and massive debt. They are currently trading at 12x Revenue, for comparison FB is 8x Revenue, Twitter is 8x revenue and both of those companies are profitable and have user growth, SNAP doesn't. This rejection has already begun and got demolished at the trend line from the all-time highs. Daily RSI is also way overbought. Huge pullback coming, very overpriced!