Cabcharge back on the rise?, page-4

Negative... Purchasing more of the same (ie. Yellow Cabs) does not make good business sense. The only thing this has done is raise the revenue numbers, but earnings still is on the slide and they are digging a deeper hole.

You need to look from a market perspective. Uber is taking their share (approx 10% per year) and it is not getting better. The reason for this is people like the convenience and price of it. CAB improving it's tech is good, but they are still too expensive. Unless they become cheaper and drastically improve service (Uber drivers are always super nice and have the feedback system to worry about).

Cab drivers have no accountability if they are rude to customers (or try to mess with the fare when you finish the ride) and service is poor as a result and always will be unless the Uber system is copied.

Getting out of an uber is seamless as well. No cards / wallets needed and no hold up.

Fundamentally they are going south and from a technical perspective, now is a good time to sell as well. There is price divergence with the RSI and reducing volume on the last run up, so look out for the drop.

I am short this stock at 2.48.

Ryan