LYFT Inc (LYFT)

[Nebuchadnezzar]

why would there be? market is looking very toppy even if more good news (but its mostly priced in) LYFT will not fair too well if market rolls over. possible major triple top in DOW & SP 500. LYFT lost $900,000,000 last year and UBER is major competition (but also overpriced as well). when UBER IPO hits, LYFT will be left for dead. I truly feel this stock will print high $30's low $40's sometime in 2019.

the only thing saving the markets is the FED PIVOT, clear as crystal.

LYFT is about to join the list of ZNGA, GPRO, APRN, and FIT as companies that should have just stayed private but at least all those popped, LYFT came all over itself for 5 min at $88 then down straight line ever since.

also, gas prices do matter especially for the LYFT and UBER drivers. $4.25-$4.79 in southern CA already. over $4.15 at ARCO which is usually 50-70 cents cheaper than Chevron, EXXON, and SHELL.

in terms of charting this already, don't waste your time, it needs at least 3 months of data, plus the shorts have just begun and when the lock up period is over, OH BOY OH BOY.

no growth, major losses, and no dividend = no touch.

if I were you, Id be accumulating shares of stock in companies with very low PE multiples and fat dividends, APU, T, CLF, (maybe IBM) CISCO, XOM, CVX, WM, (AAPL on a sell off) etc.