This week analysts are hoping for a healthy steadying of the ups and downs as of late. Friday’s down curve was predictable after the market reached record heights. The news from the China / US trades was not as good as expected and for now has put the market on a downward trail. Oil prices have fallen slightly . I expect the moderate loss cycle will continue today and possibly into tomorrow forcing us into a hold pattern. The time for bravery is upon us on Veterans Day!
Added short position
-1000 UBER @ 26.97
Reasoning , the shares have already fell significantly yet the numbers seem to indicate that UBER
Is completely unsustainable at the rate they are burning through their cash reserves. It’s only a matter of time before these shares suffer yet another collapse as investor confidence further erodes and competition stiffens from LYFT.
Added short position
-1000 UBER @ 26.97
Reasoning , the shares have already fell significantly yet the numbers seem to indicate that UBER
Is completely unsustainable at the rate they are burning through their cash reserves. It’s only a matter of time before these shares suffer yet another collapse as investor confidence further erodes and competition stiffens from LYFT.
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