Any Views On Uber?

Discussion in 'General Trading Discussion' started by longtermbull, May 10, 2019.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    UBER might be an interesting trading buy if we were to see a big sell-off as a consequence of volatilie markets in the short term, or a negative announcement. No company is too big to fail but UBER has a lot of influential backers out there.
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    I have no doubt that this one will come again fairly soon. In bouyant markets tech stocks attract a huge premium, in tricky markets this premium disappears. Therefore on the way down you get the natural fall AND the reduction in hope premium.
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    I would not be keen to write off Uber so quickly as this is still a relatively young company. True, the company has posted billions of dollars of losses but it has made progress. I would guess this will be one of the main beneficiaries as when the technology sector improves. Watch out!
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    I would tend to keep an eye on Uber and Lyft - if they both see big drops in their share price then it is an industry issue. If one falls and the other doesnt follow then the concerns may just be company specific.
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    If I was going to have a go at this in the short term, I would buy on bad market days and look for a bounce. While it is still loss making it is impossible to value as nobody has any real idea when/if it will make a profit. Perfect for short term traders :)
     
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