What Did You Buy Today?

[fenders53]

(04-11-2019, 11:01 AM)t1292 Wrote:

(04-11-2019, 10:00 AM)divmenow Wrote: Added to MRK today!

LYFT is a stock I would never own unless it got into the 40's. That was the biggest rip off IPO that I could remember. It was prices way too high.

At least Pinterest is doing it right by lowering its IPO price. That one I may get into.

Lyft and uber see a world where people depend on them and car ownership drastically decreases. I am hoping that is the case.

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I'm with you for the first part of the thesis.  Now where is their moat?  (barrier to entry from other competitors).   Why can't Ford, Hertz or some tech company enter their business?  Anyway, Lyft is a difficult stock to value.  Nowhere near profitable and the market cap is huge.  I truly hope it works out great for you.  We get a little critical of other's stocks here sometimes.  I hope you don't take that personal.  I think we try to help each other on this forum.