The answer
Verdict. Convex bet, not an index substitute. ~0.32 to double in 24mo vs ~0.22 to halve in 12mo; Specs-100k 0.20, re-rate-to-2.5x-sales 0.25. P(beat QQQ)=0.30 is one lens. Own small for the asymmetry.
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- 1
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Snap Inc (SNAP) — Axion Equity Dossier (convex framing)
Verdict. Convex bet, not an index substitute. ~0.32 to double in 24mo vs ~0.22 to halve in 12mo; Specs-100k 0.20, re-rate-to-2.5x-sales 0.25. P(beat QQQ)=0.30 is one lens. Own small for the asymmetry.
Full published report: https://snap-dossier.us-east-1.gists.org
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- Revision 1 · Jun 20, 2026
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- Jun 21, 2026 · Date supplied with this question.