Grab is a new class of stock
I call Grab the zombie stock. They are dead but still walking around to bite people. I have never seen any stock that has over billion dollar in revenue that trades like this. At point, it doesn't matter if it's up or down. Just move!
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Pity Me : It is called the crab stock.
AnaiAnai : Are you complaining that Grab is like a Zombie?
AnaiAnai Pity Me : Normally it is called a crab dance. It's quite common when the stock is at the consolidation stage. Everyone is waiting for the moment of good news to turn bullish only. So praying is the only thing you can do. Praying for the good news is on the way.
MonkeyGee OP Pity Me : crawling on the bottom
MonkeyGee OP AnaiAnai : Uber doesn't need good news. bad news everyday, and it just keeps going. the problem is no usa market support.
AnaiAnai MonkeyGee OP : Uber is a profitable company. Grab is still struggling to be profitable. That's different. Waiting time is miserable and is understandable. Need a lot of praying so that Anthony Tan can make it happen. Just praying Grab can turn around anytime soon. Just need another Qtr to see further improvement will do. Not that long also right. Like my sifu is always reminding me. Want to produce a baby also need time. Anyway Anthony Tan already produced 3 babies in actual life but Grab is a bit longer to give birth only.
AnaiAnai : Sept is the month Grab will have movement. I hope I didn't predict wrong.
Pity Me AnaiAnai : AnaiAnai believes his prayer more powderful than USA mkt.
AnaiAnai Pity Me : That's the only thing we can do. You don't believe praying can help? Then so many people pray everyday in actual life for what?
Pity Me AnaiAnai : So you think everybody pray for green? Don’t forget there are those who also pray for red. But I forget your prayer is very powderful….
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