We have always been a fan of TrueCar. Not only because it bring innovation to the Old Ways of buying a car but because of the huge positive response from those who have use the service and from the dealers who are part of the network. Watch it boys and girls, True Car is o fire!
The Charts: The risk/reward is really pretty. About -4% to retouch the lower Bollinger Band, rest on post IPO highs and close the rally that started back in August. This would be actually a good thing, so if you are a holder don't sweat it. If you want in, why not get in and let it ride. Ok, that is the risk. The reward is up to %16 to simply close the gap up and test levels from previous highs and post ER.
We will update if we decide to embark on a long journey back to $19s on this one heck of a company and stock. First, we need to review the Earnings guidance and why the heck The Street decided to sell.
If you haven't heard, Cars are being replaced almost as fast as iPhones. True Story!
We will update if we decide to embark on a long journey back to $19s on this one heck of a company and stock. First, we need to review the Earnings guidance and why the heck The Street decided to sell.
If you haven't heard, Cars are being replaced almost as fast as iPhones. True Story!