|Day Low/High||30.26 / 31.03|
|52 Wk Low/High||14.56 / 65.92|
Uber and Lyft need to start acting like a duopoly.
Uber is rising as analysts push bullish price targets.
If spun off, Waymo would offer a significant challenge to Tesla's ambitious self-driving efforts.
Lower your exposure to equities here and completely discard stocks of companies that are not earning their cost of capital.
The change is meant to protect against volatility 'in light of the current trading environment'.
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.
Elon Musk's extraordinary efforts require adequate scrutiny.
I don't often chase a contrarian play, but sentiment appears to be at a bullish extreme.
* UBER takes investors for a ride * In pre-market trading, UBER's shares are -$3 * Trading at $38.50, UBER's stock is now about $6.50/share less than the IPO price * Be skeptical of Wall Street products for the sake of your investment well being! * ...
The real culprit? The Process. The process that took too long, and would have led to losses anywhere near these levels.
"All the angst (of the IPO offering of UBER) has likely been discounted." - This morning on the business news (praise by individual criticize by category). * The IPO will likely open under the $45 issue price Over the last 24 hours I have written - ...
One has to think if Uber finds a way to rally off its IPO, Softbank may look to hedge some of its position once options open.
If Uber breaches the IPO price it is going to have an impact on the broader market.
There is good reason to proceed with a high level of caution as the trade issue is sorted out and the market looks for positive catalysts.
If you have raised some cash as I told you to, then you will be ready to buy the stocks of high quality companies if they come raining down on you.
Another day of "newsy" action as it pertains to how the trade negotiations are going. Today it was Sarah Sanders saying, in very vague terms, that negotiations are advancing in the sense that the Chinese are willing to proceed with the talks. As suc...
I sold my Lyft position this week for a small profit as I wanted to trim down my long exposure in the face of renewed market concerns. At the time I suggested that those that don't share my ursine market view might and have a place in their portfoli...
Today's trades included the purchase of and near-dated puts, and more shorts put on in Semis ( and ) and Asset Managers ( and ). I added to my large long. I liquidated my holdings in , and . As a result, I raised my net short exposure of my portfoli...
Right now I don't see anything to stem the tide other than the prophecy of lower prices.
I wish that Uber could shelve its offering because of the trade deadline. That, however, is not going to happen.
I am taking off some longs given my increasingly negative market view, including , and . If you don't share my ursine view you might consider retaining the positions. I am taking off LYFT for a small profit . I am taking off DOW and DWDP for a loss....
If China talks fail and Uber deal gets botched, then following market dip could mean time to buy.
But better prices, I believe, lay ahead. Why not be ready for them with some fresh cash to do some buying?
With thirty minutes to go in the regular hours trading session: * Second day of weakness with 1,340 advancers and 1,610 decliners on the NYSE. * But we are way off the day's lows. In fact S&P futures are 17 handles above the morning levels (Made a n...