Bough LMND high a week ago, stock dropped more than 10%. Some stupid executives started offloading because of uncertainty.I'm about to sell low to cut the loss. My dumbass is literally going to do the opposite of what you're supposed to.
I'm not remotely close enough to the stock to say my opinion here matters but they are a startup in the world of insurance, and insurance is either a booming industry or in a shit spot depending on how you evaluate it. >Home prices going up in desirable areas>Means more to insure >Natural disasters have been decimating certain parts of the country (fire in superior Colorado, florida getting destroyed, other fires). >If you buy the climate change narrative, nobody seems really willing to stop it so it's just gonna keep happening >If you don't, you can still point to really poor grid infrastructure always causing fires>Crime is also a big factor>Premiums have to keep going up to stay profitable >In a highly competitive marketplace where shopping for a lower rate is piss easy So that last part with lemonade means that this startup, that has always had pretty damn low rates, might be struggling to remain competitive. I tried to quote them for home insurance in Colorado and they denied me. So that tells me a lot, personally. Combine all these factors and frankly I don't think I would touch investing in insurance. But I probably wouldn't let investors alone shake you out of your position without evaluating the company performance and balance sheet and if they still expect growth. Everybody in the country with some financial sense is selling everything because there is so much fucking uncertainty in 2026. Between Trump tariffs and trying to start pointless bullshit wars, AI coming and sweeping the country, and whatever stupid shit is gonna happen, this is a good point to assess your risk tolerance and figure out if you are comfortable with the exposure you have. I probably wouldn't sell an existing position in that news alone, but I'm also retarded so ymmv.
