TradingView
MingoLegend
Aug 28, 2019 2:51 PM

$UBER in downside price discovery  

Uber Technologies, Inc.NYSE

Description

Despite positive earnings reports, Uber is dumping. Lyft also has positive earnings and is at the brink of support. hmmm..

Comment

totally misread earnings reports LOL. Lyft and Uber are both printing negative earnings. Lyft is at the brink of support with negative earnings****
Comments
G0F1GUR3
Even with negative earnings I believe UBER is a buy. A-U-T-O-M-A-T-I-O-N.
grubby1220
Even after EBITA and every accounting truck in book LYFT lost $183 MM. the reason they moving down that their ability for large scale. Growth is nil, they are a commodity business and the tech they are banking their future on will only drive down revenue, not raise margin. Enron, after some accounting tricks looked good as well
More