CY_Ng
2022-02-24

$Lemonade, Inc.(LMND)$after post market drop. LEMONADE already drop 90% from its peak. But the PS ratio still near 20x. Still very high vs current grow rate. I have learnt a lesson, valuation does matter.

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Comments

  • MyrnaNorth
    2022-02-24
    MyrnaNorth
    I still remember buying it at 70 and selling for 100. Wow, looks like it would be going to single digits soon.
  • BorisBack
    2022-02-24
    BorisBack
    I am waiting for LMND to hit below $20 so I can load the boat, This is a long term play
  • MengKeng
    2022-02-27
    MengKeng
    now is really time to buy low and then sell high again
    • Lao Tzu Ang
      Market is over reacting on certain stocks. Many are continuous profit making companies. Agree that now it is time to take the contrarian approach once there are signs of resistance and reversal.
  • YCTye
    2022-03-01
    YCTye
    ya... it was a nightmare
  • EmilyMark
    2022-02-24
    EmilyMark
    I will never buy cheap and fragile stocks anymore. I bought this for the bounce to 60s again. Never mind.
  • Cjwee
    2022-02-25
    Cjwee
    May take time for market to like it and push it up again...
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