
173: Michael Katz – Riding Price Action—A Complete Breakdown of the Lyft IPO
Chat With Traders
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How to Trade a Stock Like VWAP
The left IPO sold off over a dollar from its recent high. Once it got below $81.50, which it couldn't do before, I got out of that long position. The stock just didn't have any more power. It couldn't get back to VWAP, which was near $84. And then eventually it just couldn't hold that $82 level.
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