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Brett Arends’s ROI: You played the Snap IPO. What do you do now?

Congratulations! If you followed my suggestion and bought into the Snap IPO at the offering price, you’re up almost 45% in one day.

So much for all the doomsayers.

Snap SNAP, +44.00% crackled and popped just like most IPOs do on their opening day. That’s especially true for tech IPOs. Data from Renaissance Capital puts the win rate at about 80%. This is among the easiest money you can make.

So what do you do now?

There are plenty of reasons to question this company’s long-term outlook Snap is young, it’s losing money, and it’s in a volatile industry where today’s hero can be tomorrow’s zero.

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