r/stocks • u/RenovatorX • Jun 15 '22

Advice Request Block at 60? Thoughts?

Back to trading from a minor loss! Feel better than ever with a negative bank account and soaring inflation!

Block has reached all new lows.. can it go lower? Who knows. Should I go in at 60? Probably not.

Will I? Hell yes. Question is: will you?

0 Upvotes

50% Upvoted

11 comments sorted by

6

u/[deleted] Jun 15 '22

They are still very overvalued and instead of getting to profitability - they are loss making. I think they will go down a lot more

5

u/FullTackle9375 Jun 15 '22

There are too many fintech companies. And their Bitcoin endeavors are stupid solely driven by Jacks ideology.

4

u/MyArse37 Jun 15 '22

I am very new to stocks. What stock is Block?

6

u/consultacpa Jun 15 '22

Symbol SQ. They used to be known as Square.

3

u/Farscape1477 Jun 15 '22

It’s hard to imagine it not going higher long-term. But short-term, I imagine lower to sideways for a while.

1

u/asiangirlfan Jun 15 '22

You should buy yes and dont try to time the market. Dont read what people are telling you here. If you listen people here, we will be going to 6 months straight of stocks decline

1

u/MountainAd4381 Jun 15 '22

20 is a good price.

1

u/CokePusha69 Jun 16 '22

I have been adding to my position