|Day Low/High||19.86 / 20.44|
|52 Wk Low/High||13.71 / 25.96|
When traders are flailing and investors are drowning, examples work best to illustrate what happens before a bottom is reached.
Leave this market? Damned if you do and damned if you don't.
We must hope this is a pause that refreshes, or we have to expect a rate cut sometime soon.
"Just one more thing." -- Lt. Columbo Another lesson learned. Beware "shiny objects." Historically? Pets.com, Iomega, bitcoin, Tilray etc. Now the Luckin Coffee IPO -- priced at $17, opened at $25 and now $14.75 (-15%)
You can't start a discussion about the issue, though, without going right to the most impacted stock on earth: Apple.
IPO investors might want to cash out on the big gains they've made on Luckin Coffee, the biggest listing of a Chinese company this year. Others shouldn't get in.