 Hello there everyone and welcome. This is Melissa Arma with the Stock Swoosh. This is the Uber IPO just opening here taking a look at it again My expectation is that this collapse is at some point here in the next 24 to 48 hours I everyone was saying this was priced very low I totally totally totally disagreed with that a low price and this would have been 20 or under 20 now while this very Well could take off really big here fast quick in the first five ten fifteen minutes or even half an hour an hour With what the market's doing today, which is falling. It's not a good day for this to be open number one and number two Again, this company's been in business for you know, not a short period of time I'd say a medium to long period of time for this IPO to come out and I just you know The hype on this has just been way way way overdone and we've had so many of these lift all of them In fact, let's take a look at lift right now the lift is The lift went to 50. I thought lift would go to 50. It did go to 50 and I expect that this is probably gonna collapse here today, too So we're gonna take a look here and see what this does again I wouldn't trade anything without a proper trade history But my bias on this is that this is gonna collapse at some point today could collapse immediately Could take a half an hour could take 15 minutes could take a pop could get a pop and then drop a Monday I mean you see here what this lift did is initially went up then it collapsed, okay? Now this was price much higher, but but still why everyone was saying that this was priced or underpriced made I mean, I totally disagree with that a hundred percent. So Anyways, but the exact price that it opened here. Let's just get that 4205 and if it breaks that it's a goner It's a goner for the day here because again Figured this would be close to noon or right around noon and here goes the market So everything is falling everything is falling an interesting day in the market. I'll try to do a market video later, but again Looking for these things to kind of take a dive today. The question is when in what time so I would stay away from this for now That's that's my opinion on this. We'll see what it does. I could be surprised But even if this clothes is strong today, I don't think it's gonna last into next week here This is this could break right now. Let's just watch this here. This is yep I'm so good at reading. I'm so good at reading charts And you know with the market falling difficult day for uber to come out as well Yeah, produce these Again, not gonna do anything in this because of the factor colony trains in this because again It's a new issue. All right, so you don't have any price data And when you when you focus on technical analysis is what I'm looking at. All right, you read Price data, so when you the price data here is out for five minutes. I can tell you once this breaks through 42 It's gonna fall off a globe So anyways, good luck everyone if you are doing anything today. Hopefully you shorted Great call today in the stocks will show live trading room in the market. We'll see what happens next week We'll maybe take a look at this here. This goes gonna break right now. Oh my land to y'all Here it goes there it goes right now under 42 uber look Wow This is going to collapse to And the market is going to be very volatile the volatility for the market is going to continue for sure Anyways, good luck everyone stay away from over what you can watch it fun to watch Here's the break of 42 watch it collapse and fall off a cliff. Let's watch it didn't do it yet Anybody up and it's trying here it goes there there it was. Oh my gosh. I knew this would happen Instinct experience. Have a great day everyone