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hungry_hippo
Aug 2, 2019 7:11 PM

STNE Gap Fill? Long

StoneCo Ltd.NASDAQ

Description

STNE has been in the green all day in a crap market, looks to me like it's going for a gap fill. Earnings were good, and if a companu is good enough for Buffett, then it's good enough for me.

Comment

This is the best trade I've got for next week, we'll see if it pans out.

Comment

LOL 7% in one day, taking half off the table here and the rest probably tomorrow if not the end of the day...

Trade closed manually

Decided to unload this because I expect the market to have another leg down. It's not as if the tariffs got canceled, this is just a market bounce from an oversold condition.
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