hdhtin, I think it was a good trade mate. However, I'm waiting until 2 green days come, which hasn't been seen for a couple of weeks.
That said, I'm doing pretty well on my travel stocks LOL! Go figure - no one is travelling, and I'm up in the travel sector, OPY is going gang-busters growth-wise and I'm dragged through the mud.
Sezzle was punished this morning at almost -12%, just a quick look at some of the posts over there and some of those poor critters are on oxygen right now! I had my finger on the trigger at $9 on the way up! Boy am I glad I had cold feet. I can't imagine buying Sezzle at $11+, you would have to wait years for any semblance of a return, if ever. Z1P not fairing much better. APT on the other hand is not falling at anywhere near these levels, and that is worth noting. SPT has given all of Friday's positive news back.
Remember that about a month ago, OPY got down to $3.21 before lifting to $4.70! What's really changed??? Sentiment. That's it.
Right now, you can throw all the charts and technicals in the bin. OPY will perform based on the 2 following factors:
1) The forward-looking perception of the viability of the BNPL sector (and fintechs in general); and
2) The outlook of the tech sector in the US. Right now, the larger ones are being sold off - Apple, Google, Amazon, Netflix, Tesla, Microsoft.
3) It's performance going into 2021 (which is going to be good - remember Pentana and Woolies haven't even been reported yet).
Once all this rights itself, which it will, things will start to look a little more rosy. This is a time to carefully load up.
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