Quote:
Originally Posted by mce
I'm guessing around the $3 range... By then, you're out of the 'makes as much sense as trying to catch a falling knife' range.
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IMO there are better stocks for "investing" or buying shares. Take a look at the consumer staples. The whole sector has been getting hit. Tobacco stocks had a nice pullback today as well.
As for SNAP, I've taken advantage of the high IV to play some short term options, but I'm not a long term holder. I might play a naked put for earnings coming up but not much more than that.