fib levels reacting nicely. New here to all this . I only know analysts chat reading. mater of fact im down 6 k in my first year so you shouldn't listen to me. Hoping to make that back this year with what ive discovered. Ive been playing with the fib tools and this is what ive found...
The Fib droped down to 3 then up to 2 and back down to trailing on the 2.618...
Uber’s IPO is the biggest IPO since Facebook (FB) went public in 2012.
It marks the first time individual investors can buy this beloved company.
IPOs carry a special allure. Investors dream of “getting in on the ground floor” and riding the stock to 20X–30X profits.
But collecting profits of 20X or better is possible if you identify disruptive stocks early...
The goal of the current exchange rate increase is 41.23 usd. I'm looking forward to returning from this level. It is also the beginning of a lasting decline. The falling wave structure target price is 36 usd. Even though the volatility of the exchange rate is high, the size of the decline may vary, with the time value of the down arrow indicated in the analysis.
I don't go long on IPO, but I like to wait and short at the right time. Lock up period is 6 months, I hope this gets to 100 or its less money for me and I don't play small games.
The IPO for Uber (UBER) has fallen out the bed. The company priced its IPO at $45, opened at $42, and closed at $41.57. UBER’s one-day total loss in value from the IPO price was apparently the largest in history. For a moment, UBER looked like it could stabilize around its poor first day. Unfortunately, the next trading day a major market sell-off helped take UBER...
I am going to assume that UBER is going to exhibit similar behavior as LYFT after it's failed IPO.
Therefore I am looking for UBER to make a second deeper dip near the end of this month which will probably take it down to 30.
Here I would be willing to take up a first position.
We will not be tempted to bottom feed on this, given the capitulation in LYFT post IPO. It does bring to the fore that a company losing money is not that appealing to investors after all.
