never get too optimistic





August 18, 2022



From the latest news, Feds will continue hiking interest rates until inflation eases and they will continue to reevaluate new data. Markets didn’t seem to like that news too much. NU decreased further. What started out as a really good week is now the exact opposite. The stock shot up to almost $6 after earnings and is now at $4.62.





Since they just reported really good numbers, I can confidently deduce that the decrease in their stock price is an overall market reaction to the economy and not specific to NU Holdings. Still. It does not feel good. I was very optimistic that the stock will get several upgrades and that the stock price will follow. Unfortunately, that didn’t happen. However, I think it would be a better time than the beginning of this week to sell some puts.