Uber Technologies and Lyft Inc. IPOs Message Board

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Technology Stocks : Uber Technologies and Lyft Inc. IPOs

UBER 92.16

-0.6%

3:59 PM EST

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To: AmigaComputer who wrote (65)	5/10/2019 9:38:05 AM
From: Glenn Petersen	of 266

I would wait, though there may be an initial pop.. When a solidly profitable Facebook went public in 2012 at $39 per share, the stock still tanked into the lower 20s. Uber is incurring large losses and has no discernible road to profitability. Plus, there is a huge overhang of restricted shares looking for liquidity. There will be a lot of hedging going on and I think that we will quickly see a large short interest position build up. At this point I view it as a very speculative trading vehicle. Just my two cents.

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