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IPO Behavior Is Pretty Impressive, Says Tim Knight

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

At the risk of shocking a reader or two, I’ve got to say, the behavior of the better-known IPOs is pretty impressive. I don’t touch this stuff, particularly on the short side, because there’s no rational basis for doing so, but these are definitely not acting like financial instruments that were dumped on the unsuspecting public only to plunge afterward. They’ve been holding up – – or thriving – – quite admirably so far.

And just to really throw you for a loop, I think LYFT is a buy. I know there isn’t much history here, but this is a very clean basing pattern, and although it has nothing to do with technical analysis, I’ve always thought of LYFT as the more decent corporation compared to UBER.

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