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It was a good day for Afterpay. Holding at around the $20 mark when the US is practically melting down is a huge win. One thing to be wary of though is that this is the first day of probably what is going to be a blood bath in the US over the next few weeks while corona virus peaks over there. How much the ASX follows while things here are relatively quiet remains to be seen.

One big downside for Australia is that the PM is saying this current state of lockdown is going to go on until at least October. This is far too long IMHO and is going to start causing some irreparable damage. One good thing for Afterpay is that US seems like it will be done and dusted with COVID by around June so this may help them if things are still slow here.

I sold parcels of a bunch of my other holdings yesterday in anticipation of a selloff over the next few weeks and am holding half in cash. It may not be as rapid a decline as March, but I still think it's going to be an opportunity to top up on many stocks and I think APT will probably be one of them. At the very least, most stocks won't be going up from this point for a little while, so theres not alot of risk in missing the train at this point.

Whether the APT price is as low as March, time will tell, but I think I'll be going all in with most stocks by around mid April when COVID cases in the US should start to decline. Hopefully even if things decline further by that point it will only be another 10% or so, which I'll be happy to ride out.