I agree growth is getting close to a temporary bottom. That being said...The way SQ has been trading I can't imagine the earnings are going to be impress anyone. If their report is anything like PayPal..... $70 easily.
DeveloperA
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@oliverrathbun, I thkink this report is already in the price, moreover overpanic has came, I think on report we'll see upside
oliverrathbun
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@DeveloperA, I hope you are correct about that! I thought it bottomed in late January only to experience it carve out a pattern over the past 3-4 weeks that now looks ominous to me. I traded it in this pattern...every advanced was hit with a mountain of supply. I like the company....a 50% retracement off the top is in the cards..... but from what level? My thoughts:
chasincoinz
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@oliverrathbun, expect the unexpected with stuff like this...
oliverrathbun
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@chasincoinz, ok, I’m with you.. but what would be the unexpected? There’s a boatload of overhead resistance built in from the trading pattern over the past 4-5 weeks.
@chasincoinz, Yes! Nice move... I like the company. I'll be looking to buy it around 98ish.
SquishTrade
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Great post @DeveloperA I just bought SQ today around 94. I think growth could be finding a bottom vs. value stocks. Check out my post earlier today on this:
DeveloperA
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@Burning-Theta, nice, we'll see our results in profits
MizzouChemRxn
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On what analysis? You didn't show anything other than a range to bounce off of and to.. but why.