OPY 0.00% 19.5¢ openpay group ltd

$5 Party, page-968

  1. 9,255 Posts.
    lightbulb Created with Sketch. 893
    Too many weak hands in this stock.
    They buckle to price pressure.
    Anyone that bought today and sold at a loss is feeding these shorts. These parasites thank you for your lack of poise.

    I guess we need a TenCent or shorters will continue their games. Unless they accumulated closer to $5, which they didn't, they are playing a losing game. They made up 1.46% of the register on 7 August and look like they are increasing their presence of late. They chose to short OPY closer to $3.50 rather than $5 and in doing so have put their capital at risk.

    I encourage them to read the latest report very closely. It states:
    - RECORD month in TTV and Revenue.
    - GROWTH in Australian store and online sales
    - GROWTH in UK sales
    - more partnerships
    - LOWEST bad debt % of late (1.54%)
    - increased active plans, active customers and merchants (COVID is not slowing OPY)
    - Woolworths integration well progressed and will launch soon (and I suspect Pentana is near). These are company makers and will see SP at much higher levels once announced as going live.

    Time to load the kitty before 31 August in my opinion. Expect glowing analyst reports tomorrow and new investors entering on this dip.
 
watchlist Created with Sketch. Add OPY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.