AI Algorithm Trade Signal Behind Snapchat $3 Billion Market Cap Loss
Learn why Snap Inc. has lost $3 billion dollars in market cap in days since AI algorithm issued a sell signal downgrading to Strong Sell.
Earnings news are irrelevant to professional investors.
Snap Inc.’s (SNAP) blowout fourth quarter handily beat Wall Street expectations adding close to 9 million users. The maker of the popular messaging app ended THE session up 48%, surpassing its initial public offering price for the first time since July.
Useless news on the media
For its fourth quarter, Snap reported revenue of $285.7 million, which was higher than the $252.9 million Wall Street, according to Thomson Reuters, was looking for. The earnings loss of $0.13 a share was narrower than the $0.16 a share loss analysts expected. The social media network operator was able to add 8.9 million new users and posted 187 million daily active users in the last three months of 2017, an 18% jump year-over-year. Wall Street had expected 184.3 million daily active users.
Legendary Investor Who Predicted Snap Inc Crash Buys Large Stake
Artificial Intelligence helped us predicting Snap Inc (SNAP) share price crash down to $12 upgrading to Strong Buy precisely when the majority of investment firms turned bearish the stock downgrading to Strong Sell slashing its price target and outlook.
Selling Snapchat at $21 downgrading to Strong Sell
We sold shares of Snap Inc (SNAP) on blowout earnings report downgrading to Strong Sell. We urged investors interested in capitalizing further to plan for a new crash, reversing to the short side. The fact that Wall Street raised Snap Inc. price target and outlook for the year is seen as bearish as retail investors returned to the name buying shares at a lofty valuation.
Below is my real-time analysis on Snapchat selling while market participants enthusiasm soars to new-highs.
There has never been any value following the investment advise of firms with vested interests, and no track record. The fact that Snap Inc. lost $3 billion dollars in market cap. since my most recent call demonstrates credibility, consistency and a perfect public track record since IPO.
AI has accurately predicted Snap Inc. share price targets since IPO
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