Snap Inc. set to price IPO at $17 per share

Snap Inc. today announced the pricing of its initial public offering of 200,000,000 shares of Class A common stock at a price to the public of $17 per share, for a total offering size of $3,400,000,000. Snap is issuing and selling 145,000,000 shares of Class A common stock and the selling stockholders are selling an additional 55,000,000 shares of Class A common stock.

Their raising 24  billion dollars for a company that doesn't make any money yet. Although it does have revenues. Pricing is twice the p/e for facebook. Potentially in play on the opening momentum. Millennials love it so well see were it goes.

Tesla on the cusp of All Time Highs

Since the trend break in the low $200 area, Tesla has been on a steady up hill move for 8 weeks now. Announcing last night it is moving its production date up to February 20th from July is creating a big pre market gap today. Morgan Stanley has been targeting late 2017. This is a HUGE headline which could launch a massive sueeze from already extended levels. Earnings data will come just a few days after its earnings this month. This could possibly be the worlds first trillion $ stock as mentioned by its CEO in a earnings conference early last year. $291 all time highs are within reach at this point with short interest over 20%

Hers the Reuters article that came out late in the post market session last night

http://www.reuters.com/article/us-tesla-model-idUSKBN15N2W7

Dow Jones Industrials cross the 20k milestone

The Dow finally crosses after several failed attemtps. Next stop suspected is 21k - Its a good time to be a trader with the new #Trump admisistration

Some stocks were trading on the desk today:

- $TSLA
- $NFLX
- $AMD
- $NVDA