 everyone and welcome. This is Melissa Armo and I'm reviewing Lyft which IPO that came out today and I got to be honest with you. It looks like a piece of crap. So I mean this looks like LinkedIn, Twitter, Facebook. I mean pretty much all of these IPOs come out. They jack up the opening price and then it fails on the open the day of or the following day and falls like a rock and takes days and weeks and months to recover. I mean at this point now if you were looking at this and you would be technically accurate which obviously I am and you would look at this and you would say all right we have one day of data with an opening of 87.24 and the stock dropped and closed at 78.03 you'd say wait a minute this lost value on the day it lost $9 plus on the day this here this is falling even after hours look at this it's at 77.60 right now this is a terrible opening for this terrible and I could say even more but I'm I'm not going to get into detail with it but we're just looking at the technical aspects of this right now I would say that it would be insane right now to buy this for any short term gain this stock right here right now looks like it's going to continue falling and it fell from the close today even after into the post market so a horrific opening for this if you ask me I mean it if I would ever come out with an initial public offering for my company and go public this is not the way that I would want the first day to look let me just point that out in fact let's just let's be very very very specific because I can see here and I haven't I honest to God I haven't looked at this at all today I've been busy the entire day this is the first time I've been looking at anything here without seeing here how it opened you know I see the tail that was made I just want to see if that happened like quick and fast and dropped fast because if it did that's even in worse confirmation of the continued sell-off here but let me just look at I mean it could have taken an hour but I don't know I'm just telling you like I see the tail it had a brief rally let's just let's just look at I literally haven't looked at this at all if I bet it happened fast well it opened here 1148 1149 so literally that that tail that you saw on the daily chart was this hey yeah it's worse than even expected I's 88 60 that's all it was so even that lift that you're seeing was quick fast within seconds less than a minute and fell and dropped and dropped the remainder of the day well actually here you can see it I mean you know I'm not saying the stock never turns around I'm not saying that at all but I'm saying as far as you know short term long here that would look ridiculous to me quite frankly so very interesting but we'll be watching it we'll be seeing I'd say this is a hands-off at this moment and and I'll have more to say on this probably next week have a great weekend everyone this is my analysis on lift IPO that happened here today Friday March 29th last day of March 4 training and hopefully April will end up being a fantastic month earnings season begins in April and we'll we'll look to see what the market really does this next month have a great night everyone