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UBER - Last Week I Said Go Shopping Now It's Time To Sell A Bit. Also: Trouble Brewing For Chinese Stocks
Uber Technologies Inc.
Remember our cash management orientation, time to re-build!
Last Wednesday in the teeth of a nasty sell-off I told you to go shopping, and I hope you did. Look at how much cash you have left. Are you at zero? Don’t deny it! Who would blame you? If you had the dry powder I was asking you to build there was a ton of stocks to jump into. Now it’s time to be mindful of your cash. The party isn’t over, but it’s time to derisk, I would not be surprised if we have a