FinTech: V MA PYPL SQ SOFI CHIME NU AFRM UPST MQ HOOD Plaid Stripe Adyen

[caiguycaiguy]

@hanera

@caiguycaiguy

Opened new position in SHOP

Not heeding @Jil advice?

I see @caiguycaiguy is front-running my GTC buy at $260.

Another article, 5 Top Stock Trades for Wednesday: AMZN, CRON, TSLA, advocating buying at 200-day SMA. The author beats around the bush to avoid saying that directly.

As my own personal rule of thumb, I start to look at many of these growth names when they’re down 35% to 40%.

At $266, SHOP stock will be down 35%, and down 40% at $245.

When these big momentum trades unwind, they’re almost impossible to time correctly. If the selling keeps up, an eventual test of the 200-day moving average may be in the cards.

@Jil Buying SHOP is betting on current leadership’s ability to execute. Failure or success can’t be deduced from financial analysis. Have faith in Tobias Lütke.

I don’t follow technicals. I’m not fancy and not that smart. I just buy companies I like and then I keep buying. Worked so far in my life. Living very comfortably.

Started in college in 2007. Core portfolio of BAC, C, FIAT (RACE), BRK.B, AAPL, BAM, and some TSLA, WFC, AMZN, and SHOP.