Morgan Stanley to Snap Inc. “Do We Know You?” $SNAP

I" itemprop="articleBody">

It’s only been 4 months since the IPO and the lead underwriter Morgan Stanley (MS) has downgraded the stock! (I’d love to see the parallel books MS is running in the Cayman Islands – short a ton of $SNAP I’m sure)

I have never before seen an investment bank lead an underwriting and walk so quickly on it’s client. Never. Lawsuits coming for sure against MS and Snap INC. (Misrepresentation, Fraud etc…)

Our commentary to date here and here has been spot on and we continue to believe Snap shares will drift lower and lower and close the year at around the $8 level. (July 13 close: $15.24)

Remain short.




Recent Posts

Contrarian's Mind

Born in Toronto Lived in Nassau,Bahamas - Palm Beach,Florida - Las Vegas,Nevada and now residing in beautiful Barcelona,Spain. I back bright entrepreneurs with big ideas related to Artificial Intelligence, Machine Learning, realtime platforms and price discovery. Make everyday remarkable!

1 Comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Posts
  • Wuhan Announces New Chief Medical Officer – Dr. Anna!

    Dear IBR readers, Today is a very remarkable day for me̷…

  • The Weekly Bull Report

    Welcome to the 20th edition of The Weekly Bull Report. Here&…

  • SNAP – A Sinking Ship

    For those of us paying attention to $SNAP, yesterday was an …

Internet Bull Report

Thank you for reading

Internet Bull Report is a financial newsletter that uncovers remarkable equities, primarily in the High Tech and Biotech sectors globally.


Subscribe to the IBR blog

Keep up to date with our latest news and recommendations by getting them straight to your inbox!

We will never spam you or give your email address to a third party.