WallSt007

Stne Short

Short
WallSt007 Updated   
NASDAQ:STNE   StoneCo Ltd.
STNE
position open $34.40
Stoploss $34.75
profit taking : $ 32.50

This is a new company, ipo last year.
similar to SQ/Pypl for merchants.
They have earning coming up tomorrow AH.
There's no doubt that this company will grow but I think they overestimated earning this quarter and find it hard for them to beat estimates.
I'd love to see a real pull back to $27.62 if i were to take a shot at investing them.

Trade closed: stop reached:
Got stopped on Stne yesterday.
waited till after earning. really liked the company still after the earning surprise.
Played a short scalp in the morning for $100.
prntscr.com/n01yj2
Comment:
Getting ready to open a short position, Looking like they are about to give back all the gains.
Open position at $40.07
Stop loss at $41.6
Take profit at $35.48

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