Square Inc (
SQ
) is a great business, with a great future in front of it. It is in the transactions business, plays in the market of Paypal and Visa. Look it up if you don't know about it already, you will be impressed.
Recently, Square had is almost too good to be true ATH, cashing in on the cryptocurrency hype, when it announced that it would try to implement the possibility to start buying Bitcoin on its platform. And this is only a testing trial, and the beginning of more things to come. It shows openness. For one, I think that Bitcoin and most precisely cryptocurrency are the future on currency and it will revolutionize the way we do business, makes transactions, buy our goods, etc. Paypal, on the other hand, said that Bitcoin was not for them (although they seem to like the Blockchain, but it could take time before they make a more).
But since then, the stock has sell off a lot; and I think it's now a good entry point for a long term holder. People are listening to analysts once again, but we know how much they are wrong about cryptos and the future of transactions in general. The correction has shown to be of about 20%, and now stabilizing, as shown on the chart. This stock could easily rally back to 48$ in the early months of 2018 up until June/July, and will definitely close the year with a good upside return. And if I am wrong on the timeline, holding it for two or three years will definitely pay up and beat markets numbers by a large margin. From this point, on a 3-year horizon, I suspect this stock to be at worse a two-bagger, just because of market share, position, and generally the intelligence of the business. It is a smart business!
(Disclaimer: These ideas a short and not as developed as some other out there, because I invite any one to do his due diligence. These are merely tips and thoughts about good entry points for strong stocks. Also, I am new here.)
SQ
) is a great business, with a great future in front of it. It is in the transactions business, plays in the market of Paypal and Visa. Look it up if you don't know about it already, you will be impressed. Recently, Square had is almost too good to be true ATH, cashing in on the cryptocurrency hype, when it announced that it would try to implement the possibility to start buying Bitcoin on its platform. And this is only a testing trial, and the beginning of more things to come. It shows openness. For one, I think that Bitcoin and most precisely cryptocurrency are the future on currency and it will revolutionize the way we do business, makes transactions, buy our goods, etc. Paypal, on the other hand, said that Bitcoin was not for them (although they seem to like the Blockchain, but it could take time before they make a more).
But since then, the stock has sell off a lot; and I think it's now a good entry point for a long term holder. People are listening to analysts once again, but we know how much they are wrong about cryptos and the future of transactions in general. The correction has shown to be of about 20%, and now stabilizing, as shown on the chart. This stock could easily rally back to 48$ in the early months of 2018 up until June/July, and will definitely close the year with a good upside return. And if I am wrong on the timeline, holding it for two or three years will definitely pay up and beat markets numbers by a large margin. From this point, on a 3-year horizon, I suspect this stock to be at worse a two-bagger, just because of market share, position, and generally the intelligence of the business. It is a smart business!
(Disclaimer: These ideas a short and not as developed as some other out there, because I invite any one to do his due diligence. These are merely tips and thoughts about good entry points for strong stocks. Also, I am new here.)
Comment:
Oups, new to this: ATH should read "all time high" and not the ticker that it was replaced to. Duly noted for future ideas.