It is massively too premature to make such a statement, let alone actually believe it to be true: - A one day intraday bounce after falling approx. 50% over the previous two weeks is not the signal you're looking for, especially when the drop was caused by a breakdown in the investment thesis. - Calling it at 2pm, when in fact the bounce may just be traders messing with you to ride that bounce and tap out before close - i.e. let's see the price after 4pm. - The only good news that matters for this company is how it's going to differentiate and compete with the likes of PayPal - The overall market performance is not yet confirmed to be improved following NASDAQ correction - in fact we may see further weakness in coming weeks/months.
A lot of people just got burned badly over the last two weeks, and there could well be more pain to come. Some caution would be more than warranted.
SZL Price at posting:
$5.78 Sentiment: Sell Disclosure: Not Held
