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It's absolutely a normal behavior for a stock to go down post IPOs. Can be so many things, from people selling stocks they had for a long time, people who just
by shin_lao 8y ago
It's absolutely a normal behavior for a stock to go down post IPOs. Can be so many things, from people selling stocks they had for a long time, people who just speculated on the opening and are cashing in, or just because today it's cold and I had fish last night and I'm not feeling well and yeah just short that Lyft stock.
Let's see how it does in the next months.
- smolsky 8y agoWell, the financials look shady to me: $900 loss and no plan in sight. Perhaps the IPO euphoria was that short-lived? Regarding the post-ipo crash - yeah, FB did that. Yet they turned a good profit soon after and then rebounded.
- deleted 8y ago[deleted]
- naveen99 8y agoMy Lyft shares are locked up for 6 months :(