IPO
Pinterest IPOI like Pinterest as a product, but I don't participate in this IPO.
The main reason is the market doesn't like social networks IPOs:
Twitter, Snapchat.
My expectation is +30-40% in first trade day, maybe this will even hold strong at first quater, but then the financial result with estimates of -1.6 EPS will do the thing, -1.135 billion spending will make it move downwards.
I don't like their lack of users in US... users growth Worldwide is very good, but if they are bots from India and Pakistan, Russia and other countries which pay 0.01 per year and only watch ads.. thats not good for business, only for manipulating User amount data.
LYFT -- If you missed the short, couple places to reloadLYFT
Continuing with my previous plan (The GAP), this stock is still going to make attempts at $50.
Here are some places where I am looking for a reload of either a shorter term play and/or more of a positional play, IF, the move doesn't just continue down to the original target LO of $50.
As much as I do not follow text book setups, sometimes they do match up my current thought process/strategy and this is one of those times...keeping it simple and staying patient.
LYFT IPO TRADESince Lyft went public it has had a straight up beating to its price. Still looking for lower prices. Looking for a retest of 67$ and then targeting the 45$ price level which would mean a 50% decrease of its initial price at offering.
What can FB IPO teach you about LYFT IPOAnyone remember FB IPO? Just look at LYFT, both are classic pump and dump IPO's. So far they are like mirror images of each other and so could expect .
Before buying LYFT consider that FB only started basing after it finally started had a positive earnings report and a breakout above the 200sma.
$PHUN Trade PlanBuy Zone: 5.00-7.30
Long Entry Order at 9.55
1st Target Zone: 14.50-16.00
2nd Target Zone: 33.00-36.00
Exit Trade at 4.50
LYFT - hypeioNot trading this one, but LYFT IPO recalls memories of Facebook going public. Same huge hype, multiple times oversubscription, retail traders jumping in on first day of trading and then getting f*****d.
I have a suspicion Lyft will go even lover from this $60 level. Good luck.
$LYFT - daily chart & trading analysis$LYFT - has been an awesome ticker to day trade the last week since its IPO on the 29th. Hit the short side the first couple days and nailed the red to green on day 4. Tickers like these that are moving irrelevant to the market conditions have had the most luck in follow through. Today we had another nice selling off action, with an ORB short setup at the open, along with nice follow throughs on the bear flags.
Easy trades are coming to an end with it trading in its range now. Waiting for a break of consolidation of either highs or lows for some more movement. $LYFT has also put the pressure on Uber to pick up their socks and continue their expansion to other regions (India & Asia), will be interesting to see how these two big dogs go head to head over this year.
Earnings season is approaching next week. For me, this signifies the market will be a little stale this week and have less follow through / momo names on our scans that previous weeks & months. Nonetheless, just taking smarter & cleaner setups, dialed down risk a bit as well as amount of day trades taken daily. Going to be looking to get hungry and aggressive next week for the remainder of the month.
Have a great day!
LYFT - $65 and the GAP Continuing with the IPO week for LYFT, here are a couple of new scenarios that may play out ...
Its my belief based on the chart / price action, that this recent LO will determine what happens at the GAP, should price reach it:
Either:
A. The current LO is in place, then a revisit to the GAP (and fill) may show as a pivotal resistance point, temporarily. And then make a valid attempt at the IPO day HI.
Or
B. A new LO ($65 or less) would have the GAP play out (if it tests it) as resistance, before seeing declines to prices of $60 and $50.
LYFT - Priced to fall 20% and lower ???After 1 day of trading, here is a forecast of potential trading action moving forward.
If LYFT catches a bid on its second day of trading, I'd expect a run to test IPO day HI and trap BULLS before a move lower to 70/69.
Otherwise, selling continues down to 69 or lower with any retraces only acting as stall points - 20%+ down from its HI's.
LYFT JUMPS 20% ON IPO DAYOn it's IPO day, Lyft started trading at around $87.24 and reached a high of around $88.59, only to close trading at $78.29.
$UXIN to set a new 52-weeks high$UXIN, a high-risk and high-return equity, with desired share price and shares float, to most likely set a new 52-weeks high due to its solid low supports, and gaining volume and momentum.
FB 2013 IPO similarities.It mirrors IPO action in the RSI and price action. I think we are entering the continuation of the bear market.
Please see my $DRIP chart here for full analysis:
Earnings Stock of the Day: VERIVERI is reporting earnings today and was chosen to remind traders that IPOs are not usually profitable. It is very rare to have a company that IPOs with high profits and revenue. Therefore, IPOs are generally speculative as this stock was. It IPO’d around the summer of 2017 and ran up for a month to a new all-time high. Retail investors and smaller funds drove price upward due to HFT activity and the encouragement of financial advisors. AccumDist shows smaller funds buying speculatively, creating the momentum run of August into September. HFTs created the huge black engulfing candle at the peak. Smaller funds and the retail crowd “bought on the dip” and have lost a lot of money since then. Preferred Clients sold into the speculative gains.
It is now near the low that should provide stability to the downtrend and eventually commence the bottom formation. There is no bottom yet as there is no Dark Pool Buy Zone™ yet.
There are no major companies reporting today. It is all small to mid-cap companies. Earnings Season is in the final days of reporting.
Earnings Stock of the Day: ROKUI started monitoring this stock shortly after it IPO’d as it appeared frequently on the large lot pre market activity list as Dark Pools accumulated this IPO early on. Roku Inc. is in the Communications Services Sector under the Pay TV Industry. It is a new young public company challenging companies like NFLX with a new form of streaming video content for consumers. ROKU reports its earnings today after the market closes. It's stock chart shows it is now in the typical and expected IPO correction pattern. ROKU weekly chart shows it is finding support from the IPO correction that started late December of 2017.
