Quote:
Originally Posted by 0xalate
Wow this was a really good call. After doing some DD on my end, I've added to my positions earlier this morning. Thanks for the insight!
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Quote:
Originally Posted by Flex368
Thanks @ 7sins.   |
Thanks guys! I think this is just the beginning, today's 5% drop perhaps in slight anticipation of next week's unlock and also profit takers shifting to new IPOs. Real vol should hit next week on the 14th when 11M shares unlock (40% of the float, insane) and if we hold above 279 for 15 days after, another 37m shares unlock. Praying that 279 holds, then it will be a cliff dive, that is monumental, there are no where near enough bids to support any resistance to probably low 200s if that second wave of shares hits the market. Hopefully everyone is making money, those feb 300p and may 250p I suggested earlier this week printed 29% and 13% respective gains today.
To put this in perspective of over-valuation, as of yesterday, Tesla traded at 22 x 2021 sales and SNOW is 190 x 2021 sales...
Or worst case, I am completely wrong and will probably have to change to a new user name :p