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This situation with Avis Budget is absolutely comic. Old-timers like me remember stuff like PALM from back in the late 1990s. It’s precisely the kind of batshit lunacy one witnesses in the final throes off an overvalued bubble. If you didn’t laugh, you’d cry………..here’s what CAR is up to lately:
The semiconductor stalwart Intel (INTC) has had an amazing increase in price since last August, more than tripling in price. I would like to humbly point out, however, that the price ascent is doing a beautiful tag of the broken trendline, much like it did in December 2023………..preceding a long slog lower!
The 440% price increase for Avis Budget (CAR) in the span of a few weeks is one of those things they’ll be writing about in financial history books decades from now.
This is just………..bonkers.
As a real-life example of a missed traded due to being practically hamstrung with the lunacy of this market, may I present to you Netflix:
