If you had watched Uber's chart in the past two weeks you have probably realized that it goes one day +5% the other day -5%, next day +4% and again -4% ....;
Experienced traders know that's a scary signal that indicates company is running out of money and is scrambling to survive with speculation !
This common phenomenon (+5%, -4%, +4%, -5% ...,) happens just few weeks prior to bankruptcy.
Speculation is because of no operating income...!!! Has lost more than 60% in the last year and is taking its last breaths.
Experienced traders know that's a scary signal that indicates company is running out of money and is scrambling to survive with speculation !
This common phenomenon (+5%, -4%, +4%, -5% ...,) happens just few weeks prior to bankruptcy.
Speculation is because of no operating income...!!! Has lost more than 60% in the last year and is taking its last breaths.