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pottsvision

02/06/20 10:45 PM

#64 RE: leftovers #62

After hours was beautiful - tomorrow we'll see if those buying overpower those taking profits... profit taking would be expected, but so would a large % of dividend recipients (as well as wall flowers avoiding the "risk" of holding into earnings) waiting for this ER before entry. Remember some speculation about a big selloff after the "dip", and some rather foolish weak hands posted ALL CAPS HYSTERICAL MESSAGES ABOUT LOSING SO MUCH !!! WHY IS IT DOWN!!! SELL SELL!!!... fortunately the institutional buyers were buying block after block of 1000+ shares and it was a nice run into earnings... was a nice run up to the special div too - glad I picked up some shares prior (tax consequences aside, though this makes selling losers sting less) after hours today explains/validates that institutional buying.

Another green day/close over 19 would be plausible... a dip could come, as well, but the ER was strong enough and the regular divvy sufficient to earn 20+ in the upcoming weeks (days?)... this could be a solid long term hold, from my cost basis its ~3% yield (longer term holders are sitting pretty right now!) and a double is far from out of the question if the rest of this year shows solid profitability and the company proves it can expand its customer base... the addressable market is essentially anyone who logs onto their bank account online - the suite of services is actually pretty solid and the price is well within the bounds of the "insurance" being purchased. My "survey" of a few random people indicated they were at least aware of this company - that is significant... also it is tempting for me to take advantage of their services - also significant.