You have no idea how hard it was for me to avoid buying LMND today. At just 1/3 of it's former high from a few months ago, this stock looks like a bargain, as the fundamental story remains intact. However, with multiples compressing, fcf machines crushing, and TLT getting smoked I'm extremely nervous to dip a toe here. I've settled for selling jun 4 $50 strike puts for 2%, but only for small size. Around 35-40 this becomes very very interesting.
They had a good volume bar. Their expenses have multiplied over time which can be a valid reason for their demise. That being said, from a charting perspective seems like they had a good volume bar and are sitting on a support. Let's see if the bulls can make a case for their cash burning. Hoping they are doing something positive with their expenses.
FinanceGuy204
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what vik0q said. This is a great time to DCA into a long term position.