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TheGritz
Mar 19, 2022 4:59 PM

$STNE - 3/18/22 Volume to Big to Ignore? Long

StoneCo Ltd.NASDAQ

Description

NASDAQ:STNE

Volume on STNE seems too big to ignore. AVWAP shows $30 a realistic price target. Berkshire Hathaway owned. Whether Buffett/Munger companies are good buys at low prices, or whether the market looks to Buffett/Munger on where to invest in times of uncertainty, is hard to determine.

Taking this trade would be following the adage that "price follows volume."

I wouldn't recommend weekly options for this trade, but long common shares. It may take time to develop.

As always, do your due diligence before making any investment decisions.
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