It's up big today too, because all the tech players love it and the naz is up.
I've always liked the stock too actually, but unfortunately I think they are gonna see a sharp sharp decline in revenues and unless I'm missing something here, none of the Wall Street guru's have caught it yet.
Its easy. Square. ($SQ)
Dorsey's baby.
They make their money off of the sectors that are getting hit the hardest and may never come back. Salons, small bars and restaurants, tattoo shops... all that kind of stuff. Its their bread and butter. Not to mention they lend money to these places too.
Many people lump SQ with Paypal. There's a huge difference, its not even close. SQ is predominantly a point of sale operation for small business's. They're gonna get hit.
There's always risk, but I think it may be a good short.
Earnings are May 2nd. Do with it what you will, but today would be a good day to set up a trade via options or otherwise if you tend to agree. Its near $63.
I've always liked the stock too actually, but unfortunately I think they are gonna see a sharp sharp decline in revenues and unless I'm missing something here, none of the Wall Street guru's have caught it yet.
Its easy. Square. ($SQ)
Dorsey's baby.
They make their money off of the sectors that are getting hit the hardest and may never come back. Salons, small bars and restaurants, tattoo shops... all that kind of stuff. Its their bread and butter. Not to mention they lend money to these places too.
Many people lump SQ with Paypal. There's a huge difference, its not even close. SQ is predominantly a point of sale operation for small business's. They're gonna get hit.
There's always risk, but I think it may be a good short.
Earnings are May 2nd. Do with it what you will, but today would be a good day to set up a trade via options or otherwise if you tend to agree. Its near $63.
