bossmodetrader

Root Insurance

Short
NASDAQ:ROOT   Root, Inc.
Root - another runner I was all over and as time passes and more info shows up - seems like its set up to fail. Did anyone drive during the pandemic? - No! Most insurance rates went down....less driving = less accidents = more profit for insurance companies. Root on the other hand managed to spike their rates 20-30%. Guaranteed to loose customer.

Current price action is nothing but a short squeeze. It run higher to the upper boundary of the falling wedge formation but eventually this thing is going to $6 IMO.

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