SNAP. I bought at $6. I wish I hadn’t. But I’m still holding until $7.

It feels weird to say that SNAP needs to go up by nearly 40 % just to get to $7 which was its floor for seven years and also where it was at just five days ago. There’s going to be a relief rally eventually. SNAP has had like twenty straight bad days. When the stock eventually gets 5 straight good days, the stock price will be above $6 again and from there, I don’t know if it will get to $7 quickly or if it could take a long time. Look at how this stock has moved the past 1 year though. It’s fluctuated between $7-$8 or $9, occasionally $10, so frequently. It’s a very volatile stock. The longest it stayed flat was for about two months from August-September when it was parked at around $7. Is there a possibility $5-$6 is the new normal? I guess. If the bull market truly comes to an end and AI / software / tech stocks keep trending down. AMZN just crashed 10 %. Bitcoin is near 60k. But neither of those were heavily beaten down in the first place. SNAP was. Snap will be back to $6 next week.