From the ideal imaginary blue line to the actual awful red arrow to the bottommost of the hell. Uber is depreciating, a bouncing dead cat. It could perform better ... NO FUTURE stay away OR short and cover in 20.
Uber's strategy to make profit:
1. Charging customers for subscription.
2. Cheating on restaurants more than ever.
3. Reducing the payment to drivers.
And the result of this "smart strategy" is dissatisfying everybody, and ultimately loosing the market!
Capture this image and see me at the end of the year...
How much do you expect it to be at the next E event? No where above $30!
Uber has strong tendency in moving downward; despite CEO's plan "focusing on profitability", they are loosing customers, and drivers are leaving them.
NOT REALLY recommended for long term view.
If you had watched Uber's chart in the past two weeks you have probably realized that it goes one day +5% the other day -5%, next day +4% and again -4% ....;
Experienced traders know that's a scary signal that indicates company is running out of money and is scrambling to survive with speculation !
This common phenomenon (+5%, -4%, +4%, -5% ...,) happens just...
Everything is going as planned... even the most recent scandal;
Never been this much close to bankruptcy;
Opens at around 12 dollars right after the next E report;
Short as much as you can => you are gonna become rich ;)
Have you ever asked yourself why Musk is migrating to Twitter? Tesla is gone...
A year from now and it will be trading below $200.
The channel broke today and it needs a SHARP pull-back in next 3 days to survive, will that happen? No...
This is how much TESLA actually worths.
Market correction continues until the late this year (until TESLA returns to its pre-bubble value).
Red TESLA makes entire the market bloodbath.
ByeBye richest guy!
Musk knows better than anybody else what's gonna happen for TESLA, run away when the CEO is walking away.
Next week <= $500.
Ps: when gas price goes up, people tend to buy EV. but affordable EVs not a $70K car. TESLA's competitors are winners of status quo.