The pay now pay later companies are going to be regulated soon so all these stocks will drop by quite a bit I would think.
On August 12 the ones that ordered the offer of $5.30 a share will be selling to make quite a bit of money and that is when it will drop back down under $6. It may well drop below that due to the market getting spooked by corona virus and this company likely to be losing customers due to new regulations on pay now and later setups.
A perfect storm is starting to take shape now.
Markets are getting nervous not just here but all over the world in recent days.
It wouldn't take to much to start panic selling then all stocks fall no matter how good they are going.
My thoughts is let it drop and be cashed up to snap up bargains later.
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