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Square Stock: Time To Buy Again

Oct. 01, 2021 11:30 AM ETBlock, Inc. (SQ)9 Comments


  • SQ has seen a massive selloff since its peak.
  • But the fundamental picture continues to improve.
  • And the valuation is quite reasonable today for long-term holders.
  • The chart is messy short term, but it is time to leg into a long position.
Asian Business woman using QR code mobile payment app

Kanawa_Studio/E+ via Getty Images

Technology stocks are once again in an interest-rate driven swoon. That means bargains are popping up, however, as former high-flyers have their valuations cut down. One such stock that has certainly experienced this is payments behemoth Square (NYSE:SQ).

The stock

This article was written by

Josh Arnold profile picture
Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow. Josh is the leader of the investing group Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (9)

I'm a Dogs guy and the former chairman of a very small bank.SQ is the future as is Pay Pal, I bought SQ at 60 and sold at 230 .In my lifetime{ I'm 84} I never had a stock do that .I always have one stock that is out side the "kennel"
rebowley profile picture
Interesting charts made for a great read. I agree with your conclusions. Now the test for individual investors is the amount of their patience before the upward slope becomes a friend.
Josh Arnold profile picture
@rebowley thanks for reading, and yes this one may take some time.
And still the author has no skin in the game...
@gernam if he did, bears would just say he’s pumping his own stock. Dammed if you do, damned if you don’t eh
Josh Arnold profile picture
@gernam That doesn't change my view of the stock. I don't only opine on things I own, and I think that's fair enough.
Safety Dance profile picture
The article title is my first thought each morning before the head leaves the pillow.
steve7074 profile picture
Like JPM of 1870. Great future !
Monkeybrainsfriend1 profile picture
Please buy, just sold my puts, reloaded on calls...its a yo-yo, got to love all Jacks notices of whats up SQ in tiny foreign markets today...and plugging the holes in SQ USA..ATS-Denver
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