Monday Oct 28, 2019

Grub hub (symbol GRUB)

shares fell 20% on disappointing earnings.

GRUB follows a fairly typical pattern of the shares bid to a high price on near no earnings

Screen Shot 2019-10-28 at 3.49.57 PM

Seems to me that food delivery works with say pizza if the customer is within a couple of miles of the pizza restaurant, otherwise, uh maybe not. the move from  30 to  15 was parabolic, and  those kind of moon shots usually reverse in a swoon to the downside, here we go again.

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