Zhong Lu + 444 August 9 (edited) Personally I'm wondering how that's possible. Don't like jumping in with the crowd, but obvious short is obvious.  Edited August 9 by Zhong Lu Quote Share this post Link to post Share on other sites
Zhong Lu + 444 August 9 If the loss of 5 billion dollars in a quarter can't make the stock drop below 39, what can? I'm out. Wash trade.  Quote Share this post Link to post Share on other sites
Danlxyz + 44 DF August 9 (edited) Wolf Richter breaks it down. Apparently there was a large non cash expense. "And it included the $3.9 billion in costs of its stock-based compensation plans related to the IPO." Edited August 9 by Danlxyz correct name Quote Share this post Link to post Share on other sites
Zhong Lu + 444 August 9 (edited) Ok. Then they lost ONE BILLION DOLLARS last quarter. Does that sound like a stock that should be above 40? Honestly I'm thinking of buying the stock now. It trades on MAGIC PIXIE DUST and those stocks are the best.  Edited August 9 by Zhong Lu Quote Share this post Link to post Share on other sites