onetrikpony said:
The big banks rallied today. But wait till people realize how much FinTech is growing. :)
$SOFI, $PYPL, $SQ, $HOOD, $MQ
I'm still very bullish on FinTech companies like sofi pypl, sq, hood, & mq.
These companies saw there highs anywhere from 650-900 days ago. <-- 0_o And they're still down from 66%-85% off their highs.These are not overbought by any means.
Don't be scared off by the opportunity here. It's also why I have hedges in place to capitalize on any downside moves that might occur because of a negative shift in the macro thesis.I don't have that as likely right now, but could happen. Most options plays in this sector are for 1- 1.5 years from now.. Also, we're still just barely above the break out zones for these stocks. This is just not a scary time for them with lots of upside potential