Quadpay, page-8

The way we're going, we're more likely to keep dipping under $7 until they release some good news.

I had to reduce my exposure the last couple of days. I'm still in with a larger than normal position across 3 different BNPL companies but Thursday results would be too far away for my liking. We got other threads with chartists talking about low 6s gaps, commsec TA software and their mid-5 targets, others talking about takeovers at $15-20.

I want some good news asap so I can reassess the sector and decide if I want to lighten up some more or not. I've had an amazing month or so trading these companies but the last few days have taken the shine off. I want to keep my profits.

Goldman and Apple haven't even created anything and are 1-2 years away from launching anything. Paypal no interest and late fees is ONLY in Australia. I checked the US site last night and it says late fees may apply if you miss a payment. The Australian site says they will never charge them. The Australian market is too small to matter.

These two issues of Apple and Paypal(Aus) are not worth this major sell off in the last few days. Imagine how big Zip and Afterpay will be by the time Apple and Goldman even launch something. Paypal Aus customers are also basically meaningless for the next couple of years before any sort of traction.