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Tech Bust 2?
Lyft stock has collapsed from its new issue price. Fell to $60 today, almost 20% off new issue price and down $28 from the high price of $88. Maybe it will bounce back. Will Uber new issue fall flat as well? Has the tech stock rally peaked? Many of these new issues are not profitable. They are losing money. Of course Amazon lost money for years, but finally it made money. Facebook dropped right after its new issue came out, but eventually soared. So in the long run, maybe it will work out. Bought some Levi Strauss stock, so I do like that SF new issue. They do earn money. The tech area though appears more of a minefield.
Last edited by CaliNative; Apr 13, 2019 at 8:46 AM.
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