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Lyft: Sold To You

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Lyft priced their IPO at $72, above the original price range.
The stock ended the first day nearly $9 below the opening price of $87.24.
Lyft continues to follow the negative path of the Snap IPO.
The Lyft (NASDAQ:LYFT) IPO came out like a gangster and ended with a thud. Turns out that my previous predictions of a repeat of the Snap (SNAP) IPO was far too positive on Lyft with the stock ending $9 below the initial trading price. This is a bad sign that the stock is headed even lower and retail investors could end up holding the bag.
Read the full article on Seeking Alpha. 
Daily commentary: Out Fox The $treet - April 1

Disclosure: No position mentioned. Please read the disclaimer page for more details. 

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