Summary
- I saw my old friend Jim Cramer posted about the big social media stocks last night.
- We actually caught almost the exact bottom on each of the four major social media stocks over the years.
- Our history with these four stocks again drives home the point about being patient with our entry points into individual stocks and using valuation metrics along with our Revolutionary Trends.
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What a quarterly earnings report from (SNAP). What a move in all the big social media stocks. Let's look at some of our long-term SNAP analysis here along with some of our other history with social media and other tech stocks that have been so wildly outperforming this year and get a sense of why I always pay so much attention to valuations.
I saw my old friend Jim Cramer posted the following last night:
And guess what I realized. Not only do we own all four of the major social network stocks:
| Name | Symbol | Long or Short | Date Initiated | Price at first tranche | Recent Price |
| Facebook - FB | (FB) | Long | June 2012 | $26 | $281.94 |
| Twitter - TWTR | (TWTR) | Long | May 2016 | $14 | $50.13 |
| Snap - SNAP | SNAP | Long | October 2018 | $6.50 | $37.04 |
| Pinterest - PINS | (PINS) | Long | March 2020 | $13 | $51.84 |
...we also actually caught almost the exact bottom on each of the four major social media stocks over the years:
Looking at those charts and how we had the patience to wait for the valuations of each one of those stocks to get somewhere that made the risk/reward scenario too compelling to pass up.
I want to drive a point home about what has been our approach to buying any/all of our stocks over the years actually: It's not just picking good stocks. It's paying attention to valuations of those stocks so that you pay a good price to set yourself up for gains over time.
