Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Uber Technologies and Lyft Inc. IPOs -- Ignore unavailable to you. Want to Upgrade?

To: AmigaComputer who wrote (65)	5/10/2019 9:38:05 AM
From: Glenn Petersen	Respond to 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.