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Overhyped.com: Five stocks about to plummet (the first one’s a gimmee)

Snap (SNAP)

I think we can all agree that Snap is troubled, and it is true that the stock has lost nearly half its value from its IPO, but this company is still valued at $17 billion. Where is the value? As an ad platform, Snap is failing, and advertisers have been defecting in droves. Why? Because those who use it, being kids, don’t have a lot of money to spend.  Snap never busted its small niche, and now, Facebook is busting Snap. If you are holding SNAP, I regret that a recent analyst downgrade may have already cost you some of your value, but I would still urge you to get out.


Chart courtesy of www.stockcharts.com

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Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.