Remitly: A diamond in the rough?

Archives
21

Think this could be a good opportunity to average down? Or just stay patient.

22

I entered as what I thought was the bottom and so far it keeps dropping. I reduced my position by half as they don’t expire to next year but don’t like how this is trending. Will hold this week and see though.

3 Likes
23

I am out. Even if it goes back up that is ok. Trending down too much red for me to hold any longer.

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24

thanks for the transparency JB. I had a couple shares for this and exited out as well today. might get back in if I see this in an uptrend

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25

This definitely started to slide for no apparent reason. I’m still sitting in my April calls but my glimmer of light today was Why Is No One Talking About This Fintech IPO? | The Motley Fool

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26

I am down 16 percent on shares. Thinking to just hold them for a while and hope itd go back up.

27

Hopefully today represents a double bottom rather than a lead up to another gap down. I’ll be looking to enter in the next couple of days.

28

Also down about 15% will prob exit soon if it doesn’t reverse course. Or maybe I’ll average down cause I like pain. Its near 52w low so feels like has a lot of room to move up.

29

Wish I took a position at ~$25.

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30

Any reason for this free fall lately?

31

The entire payments industry has taken a giant shit over the past month, and RELY got taken along for the ride.

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32

Big dump today.

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33

@Conqueror
Hey Conq, do you have any technical analysis of what’s going on here? I’m sure we are close to the bottom at this point.

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34

Citi changed their price target to $47 from $49 but maintained their buy rating. Dropped off that. I’m hoping we’ve found a bottom…

3 Likes
35

Has been steadily declining after earnings on Nov 10th.

36

I’m out of all my calls. Holding shares for long term appreciation. I took the losses for tax reasons and plan on getting back in after 30 days for wash sale rules.

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37

I’ll probably jump back in as well once the market cools down

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38

This is one of my favorite plays out there right now but I might be mistaken. Premiums are down quite a bit today.

I’m relatively new to options and perhaps someone has some input on what I’m eyeing, but I’m looking at a small January position ($25 or $30) and a larger April position ($40 maybe).

39

Got a decent fill for April 25c today. Hoping it found it’s bottom around that 17-18 range. Looks like there has also been some insider and institutional buying over the past week.