TWIST Ep 05 - Blue Apron (Apr 5, 2019)
SteadyTrade
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4.6 • 589 Ratings
🗓️ 5 April 2019
⏱️ 15 minutes
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| 0:00.0 | This week in Steady Trade with Tim Bowen. |
| 0:02.8 | Why don't you just shut the hell up? |
| 0:06.4 | In today's segment, I would like to talk about failed IPOs, bag holding, and, you know, |
| 0:16.5 | believing the hype versus trading the price action. |
| 0:21.8 | So today's stock is Blue Apron, maybe one of the worst IPOs of recent history. |
| 0:30.1 | So kind of continuing the theme we've talked about Lyft recently, LYFT, had another segment recently on Tiger, T-I-G-R, kind of two different IPOs at the time of |
| 0:44.2 | recording. |
| 0:44.8 | So Tiger has been one of the best performing IPOs in recent history. |
| 0:50.4 | Lyft is in the beginning stages. |
| 0:52.9 | You know, Lyft had a couple rough days. It's actually green today. It's holding that $70 level. So it's kind of interesting to see how Lyft ultimately performs, because I still hold on to the idea and remember, have your own trade plan stick to your own thesis and your own methodology, |
| 1:12.8 | but I still think Lyft has a high certainty of bouncing before reality sets in. |
| 1:18.9 | Now, I am dubious of Lyft long term, talking short-term post-IPO, and then Tiger's been |
| 1:25.5 | one of the best. But anyway, let's move on to blue aprons so um |
| 1:30.0 | it's funny you know I'm trying to make a joke about bag holding but oddly enough if you're not |
| 1:36.3 | familiar with blue apron they are a a online meal prep service so in essence you can kind of |
| 1:42.9 | think of like holding the grocery bags. |
| 1:45.1 | That was a really good dachio. You win this one, my friend. But, you know, interesting company, |
| 1:54.2 | very, you know, very buzzworthy going back to the IPO. A lot of people were talking about Blue Apron, a lot of |
| 2:03.2 | social media coverage, a lot of people excited about it. But they had always lost money. |
| 2:08.8 | Then they went public, have continued to lose money. The chart has just continued to downtrend. |
| 2:14.9 | And then you can see on my screen. Hey there, Steady Trade listeners. |
| 2:18.7 | Now, we all know that Tim Bowen is the lead trainer for stocks to trade. |
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