The day before the SNAP IPO, I penned "Goldman Sachs & Morgan Stanley Pull Off the Heist of the Decade, Bends Over Those Who Don't Read BoomBustBlog". Despite being rather dramatic, I was dead serious. Fastword 48hours after the IPO, and I was able to pen "On Just the 2nd Full Day of Trading, Arithmetic Reality Hits SNAP Stock". Who could've known? Now, four days after the IPO, guess what?
By just the 2nd full day of trading, math and reality hits SNAP stock. Last week, I posted "Goldman Sachs & Morgan Stanley Pull Off the Heist of the Decade, Bends Over Those Who Don't Read BoomBustBlog", and if that wasn't a textbook example of a guaranteed short, a clear sign of a bubble and the most demonstrable example of the Street taking advantage of clients, then I don't know what is.