Today I want to talk about LYFT. A supposedly beloved IPO that has fallen hard since the IPO date, investors are very gunshy about trying to buy into the stock. With news of what the valuation of the company should be, it caused investors to panic out of their trades and holdings of the company. Yet, the stock IPO date took place so recently, it makes almost no sense how this company can fall from grace so quickly. To me, I see a ton of value just from a price point on where they were a week or two ago. It is too new to make any judgments and I think the stock is due for a turnaround. We got into a low risk/high reward scenario in the room. It looks to have found a temporary floor and now might be the time to see a nice rebound. I will gladly take a 20% move LYFT.  

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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