![](https://i.imgur.com/CLvY2jA.png")
26-10-2021, 09:29 AM
It went up above $10 first in the morning after results was released then plunge yesterday afternoon. Selling continued this morning taking the stock below $9.
The rich valuations which are justified by rapid growth means stock will be volatile. Stock as risen 10x from last year hence investors who held are sitting on massive gains. Too tempting not to take some.
This coupled with trend following traders who chased this stock like it was Miss Universe means they were caught by sudden moves down from highs. As they are short term traders it will trigger their stops which took the stock lower this morning.
As for its results, it is on track like a good fintech and is at the cusp of explosive growth and the company has many avenue for growth....investors however have to be willing to stomach the volatility of the stock to stay on board.
![[Image: d5Rv9Kf.jpg]](https://i.imgur.com/d5Rv9Kf.jpg)
The rich valuations which are justified by rapid growth means stock will be volatile. Stock as risen 10x from last year hence investors who held are sitting on massive gains. Too tempting not to take some.
This coupled with trend following traders who chased this stock like it was Miss Universe means they were caught by sudden moves down from highs. As they are short term traders it will trigger their stops which took the stock lower this morning.
As for its results, it is on track like a good fintech and is at the cusp of explosive growth and the company has many avenue for growth....investors however have to be willing to stomach the volatility of the stock to stay on board.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
