Quick Hit: The Strange Tale of Symbotic Gets... STRANGER

And why this tale of the tape may very well be a mirror for this increasingly manic market.

(No Black Friday or cyber-special sale here. In fact, my prices are rising January 1 for new subscribers. If you’re not yet a premium subscriber to Herb On the Street and my Red Flag Alerts, and wonder why you should subscribe, I explain right here.)

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In recent days I’ve been telling my friends that this market feels SO much like 2021…

The FOMO has been palpable… whether it’s bitcoin or any number of stocks, including a few on my Red Flag Alerts list, notably Symbotic SYM 0.00%↑. The stock is now down around 60% since I first red-flagged it in May, after spiking more than 25% a mere two weeks ago.

But the story of Symbotic, a Softbank-backed SPAC, is in the below chart…

Symbotic stock since my first mention in May, highlighting the last two weeks. Source: FinChat, which IS holding a Black Friday event. Click here for more.

Here’s what you need to know…