SNAPCHAT

Since we are being asked…no, we would not try and catch the proverbial falling knife because the action for this new IPO is random.  If you buy and it goes up, it is just luck. There is no edge in here with the trading.When we said last week that if this company sold pipes, it would be $5, it was just a guess on valuation and not on the near-term trading. The fact is it is now down over 30% from its high Friday in the 11 am hour.