Mar. 16 at 7:04 AM
$OPRT $COMP
I’m gonna exit both of these first thing this morning.
While I see value & like both for different reasons, I reassessed them over the weekend and see additional risks.
While focusing on the value OPRT shows what I didn’t realize was the short % is only 3.5%.
That means that violent 7% down tick on Fri. was people hating the stock and not shorts spotting easy prey.
If the market starts jittering this might test the low ‘2s again.
Possible, both
$WU and
$PYPL have P/Es that make no sense being they’re profitable & have cash to cover a divi.
I’ll wait and see on OPRT; if I miss it so be it it I don’t think that I will.
That being said if the market does become jittery there’s a high chance COMP will breach the 200 day.
I’ll circle back on that one as well. If I’m wrong the I’ve got a few quality names that should more than make up for it.
$SOFI
Quality over High Beta market sensitive names until we get a better read.
