Shift Is UNDER $1!!! Now What

Shift Technologies has fallen under $1! With every used car company crushed over the past 6 months, it appears that car ecommerce may be done. But is Shift Technologies done? In this video I will break down my concerns, what the company is doing right and what I'm planning on doing with this company going into an economic downturn. Enjoy!

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[amilkarbellorin]

I actually like this stock. My average price is $.83 a share. I will do long hold. It has good chance and another thing the new cars are not there in stock yet. New cars are more expensive.

[rookandpawn]

You have great research and understanding! I love this analysis on a very rarely talked about company. I saw the commercial for shift and thought it was clever. (the Silicon valley guy). I bough today at the 66 cent level.

[skorheimbeta]

CEO is overpaid. Insider selling is a BAD look. giant bonuses is also a BAD look. i'm holding 500 shares at 4.35. i'm willing to ride it down to zero at this point, but i don't have enough confidence in management to average down as i might just be throwing money down a well.

[NoBiasPolitics]

Will you do a video reaction to the merger with carlotz and the new business plan/closing of stores and fully online strategy?

[FiveGrand]

Great video. They had only $90 million cash on hand since last quarter. They’re going through this money fast. You’re right that this next report is the most important one to see what their trajectory is.

[kitwongsegacom]

i used opendoor to sell my condo and i used shift to sell my car...

[theapefathersmanchild]

Jonny can you do an analysis on VRM? They got a $5 cash book value and were just reported with unusual options activity. They got some high price targets and people betting on a reversal to $2/$2.50 by July 15. Could be a big game squeeze recovery play. They were trading over $50 last year!

[JonnyOswald]

What do you think about Shift being under a $1? Do you think Shift is going bankrupt?

[satomi]

It is one of the my biggest part in portafolio and i am loosing now 66%. Was not the best bet for me, even if i was convinced to have a medium price very good (below 3$). I will keep this position as it is, i have done many mistakes here, hoping to get back AT LEAST my investment. But I dont know...

[Nemo-ynsp]

ok, maybe now, just a few. I've done business with Carvana...never will invest in it.

[captainhard]

Good quality video. Keep it up and you'll get noticed. Do you have any background in finance or what's your education? If you have any credentials, might be worth mentioning them somewhere.

[u]

I think shift is a good binary bet. Definitely agree should not be a top position though. What are your thoughts on Matterport?

[josewiththerolex]

I e been watching since last year I want to buy shift at 0.75 cents

[PlasticPellets]

Did you listen to the William Blair Investor Conference and if so, what are your thoughts? I did not like George's intro when he said, "I don't know anything about cars"

[numinoustravel]

Once shift gets more funding secured i see it going back to $2-4. Or Lithia motors does a takeover. Just don’t see this company going bankrupt. The leadership is too calm and doesn’t seem concerned at all. Trusting they know what they are doing haha

[fundingdreams]

still better then luna or doggie coin lol

[Mostly_bad]

Dude your commentary at the beginning is going to continue to lose people a lot of money (thx for the video BTW). It's WAY too optomistic. Shift is melting because they are headed for either BK or massive dilution. It's such bad mgmt. During the last earnings call, when they were at $3, an analyst asked "why don't you announce an offering today that would fund your operations until break even?". Mgmt hemmed and hawed. I blame the private equity market. These companies never had to think about profitability. Now they become public thinking they have infinite time to become profitable. Wrong. I've lost so much money investing in these kind of companies. From here on out I'm not investing in turnaround stories. I'm only investing companies that are ALREADY executing well.