Quick Hit: The Strange Tale of Symbotic Gets... STRANGER
And why this tale of the tape may very well be a mirror for this increasingly manic market.
November 27, 2024
(No Black Friday or cyber-special sale here. In fact, my prices are rising January 1 for new subscribers. If you’re not yet a premium subscriber to Herb On the Street and my Red Flag Alerts, and wonder why you should subscribe, I explain right here.)
In recent days I’ve been telling my friends that this market feels SO much like 2021…
The FOMO has been palpable… whether it’s bitcoin or any number of stocks, including a few on my Red Flag Alerts list, notably Symbotic $SYM. The stock is now down around 60% since I first red-flagged it in May, after spiking more than 25% a mere two weeks ago.
But the story of Symbotic, a Softbank-backed SPAC, is in the below chart…
Symbotic stock since my first mention in May, highlighting the last two weeks. Source: FinChat, which IS holding a Black Friday event. Click here for more.
Here’s what you need to know…
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