7Mon·

Second tranche

The Block item $SQ (-0.37%) (Square & Cash App) was expanded to 100 shares.

I am now invested in a large number of fintechs ($PYPL, (-1.02%)
$SOFI, (-0.89%)
$GPN, (-0.08%)
$SQ) (-0.37%) because I am convinced that at least one of these stocks will make a moon landing. They are not all really comparable, but each has the potential to be an X-Bagger 😎🤞🏼

15.01

Block

Bought x50 at $84.80

$4,239.93

Seventrader

@7Trader

8Mon·

First position of $SQ (-0.37%) Block opened

Back before Corona, when the company was only called Square, I wanted to get in and could only look at the price. Well, then the company was smashed on the stock market and the price took a dive.

The consolidation then began in 2022 at around 60 dollars (at the EMA 200 / M-Chart). The November candle (11/2024) ran above the EMA 50 and in December it also opened above it. That was my moment to buy. If the 100 dollars are now also broken, there is great potential to run towards old highs. Remains exciting 😎💲🤞🏼

The company is represented globally in various countries and anyone who watches Formula 1 has Cash app (owned by Block) as a sponsor of the Racing Bulls.

Before 2018, there were 7 million users, then 30 million users were reported in 2020 and by 2024 there will be more than 50 million active users.

Here is a brief overview of Block's main products:

SquareThis is the company's original brand, which provides a platform for merchants.

Cash App: A popular payment app that allows users to send, receive money and buy Bitcoin or stocks directly through the app.

TIDALMusic streaming platform known for its direct support of artists.

Afterpay"Buy Now, Pay Later" service to provide flexible payment options for customers.

Bitcoin and blockchain: Block is heavily involved in cryptocurrencies. A decentralized Bitcoin-based financial platform is being developed through the TBD business unit, while Spiral supports open source projects in the Bitcoin space.

02.12

Block

Bought x50 at $93.18

$4,658.95

9 Comments

Schniggy@Schniggy

7Mon

I also increased my block position a few days ago (unfortunately only +1 hahaha)

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Brixxi@Brixxi13

7Mon

Why Block right now

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Seventrader@7Trader

7Mon

@Brixxi13 Due to the ongoing innovations, Cash App has been placed at the center of the Group's strategy. Block is well on its way to becoming a leading provider of US banking services. Traditional bank accounts can already be replaced and even paychecks can be received via Cash App. With the free Visa card promotions, traditional bank customers are being drawn into the Block universe and Block already has 60 million active users, 24 million of whom use the Cash App.
The tough cost-cutting course and the focus on successful projects are paying off, and gross profits are excellent compared to the previous year.

I will probably buy more positions this year.

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