If you like $75 STNE Coladas, and gettin caught in Buffett rain.Oh boy... So i will try my best not to expose my crypto bias. NASDAQ:STNE
1. Warren Buffett’s crypto payment app that IPO’d late 2018.
2. My crazy Brazilian ex gf (who was a sergeant police officer in Brazil) tells me more & more people are using StoneCo app because no one trusts the Brazilian Real currency anymore due to all the corruption and weakening.
3. Bitcoin is up almost 300% year to date, though the crazy ex said everyone’s using litecoin mostly w the app.
4. It’s Warren Buffett’s baby. Oddly, WB has been very outspoken about his position on Bitcoin.
5. FACTS: The current wall street average price target is $42. that alone should be enough said.
6 . WB, Jeff Bezos of AMZN, and Jamie Dimon of JPMorgan have already announced a new “Uber-field” healthcare company (recently name “Halo”) that will redefine health care as we know it. It will allow people to go on their phone and request a doctor like they go on Uber to request a taxi, only the dollars they use will be meshed w their medical records... Game over for overcharging hospitals and greedy health insurance companies.
7. China trade war friendly. A GREAT way to bypass the tariffs is use crypto payment app.
Target is $75, the end of wave 3, if my proposal that wave 2 has completed.
Call Options are:
July and October expirations.
Strike of $30, $35, $40, and the high spec money maker, $60.
STOP LOSS is fairly tight, nestled right below the 0.65 fib level at $26.25
So think, If STNE < $26.25 = BAD and sell all call options (or make sure you’re hedged below $26).
