Is Jack buying or selling? SQ is going to have revenue numbers creater, but they probably have no overhead or labor costs...
_______________________ Anyway, back to the original post, I think its gonna go a bit higher before it pulls back. Reason being I thought about it and there is no way this was overlooked. With no access to real-time short data, one can only speculate on the immediate open interest. I have to think that the higher this goes from here, the greater the short interest. That game... it has to play itself out before and shortly after earnings. It will be below this level a month from now, but how high it goes in the near term can be tricky. It will see the $40's again soon... but if tons of shorts have piled on... it'll see $70ish in the interim... assuming the broader tide, S&P 2690-2890, stays in that general range.
Boy these analysts... they are on the cutting edge huh? Tip of the spear. _______________________________________________ Square stock falls after Guggenheim downgrade Guggenheim analyst Jeff Cantwell downgraded shares of Square Inc. to. neutral from buy on Friday, writing that he expects the small- and medium-sized businesses who use Square's platform to experience a tough stretch in the second half of 2020 and throughout 2021. "Note that Seller generates ~66% of Square's gross profit, which means the bulk of Square's business will be experiencing headwinds due to COVID-19," he wrote. Cantwell is worried about "relatively low" survival rates for small businesses amid the fallout from COVID-19 as governments place capacity restrictions and other limitations on restaurants and retailers. He also expects muted consumer spending due to higher unemployment rates and said that new-business creation could be "very low" given heavy uncertainty about the virus and the economic climate. "We think Square's valuation now looks full, as we believe Square's many positives - most notably, Cash App - are now largely baked into the current share price," he wrote. The stock is down 0.5% in premarket trading Friday. It's lost 5.4% over the past three months as the S&P 500 has declined 13%.