The SQ sell off has been over done, Buying calls expiring in March at the $160 strike. SQ shouldn't have a problem ripping back to the $170 level by mid Feb.
SQ sells off back to pre pandemic levels...Way overvalued and Bitcoin is in a bear market...Be wary of the longs IMO
chaseflores10
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@slimfamus, Highly doubt that. Bitcoin has no effect on SQ.
QuandaleDingleOG
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@chaseflores10, Bitcoin has every effect on SQ if SQ is trying to build a bitcoin mining operation, which they are. Look at their financials they are trading 130 x's the P/E and they have stunted growth at the moment...Watch for earnings coming up in March...If they miss again definitely falling all the way back...I've been trading this stock up and down for the last 3 yrs...This is one of my cash cows
qnp
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Hopefully a QUICK rip
QuandaleDingleOG
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@qnp, Maybe a retrace back to $200 with this sharp move down but still this falls to Feb 2020 highs in the long run