$ABNB TOP 20
Added 2024-02-18 19:21:52 +0000 UTC$ABNB had a very interesting week because it reported its earnings and showed a bad EPS which was down to a once off tax payment that was expected.
Retail I assume sold in panic and the price dropped to the 50 Day MA, (also a possible stop loss raid) and once the price came close to the 50 Day MA, the price bounced and immediately filled the earning gap and then made a higher high.
I spoke about this during the week for the need not to set a stop loss too tight and I know our members are well versed on this now because I say it a lot.
I have bought 3 times into $ABNB now and up about 7% since this start of this month and my intention remains the same to buy again when there is a hold above $155.
I think $ABNB continues to run for the next few months because I do not believe the effects of the market correction comes in that quickly and $ABNB will benefit in the meantime.
Its 48% net margin is also extremely attractive and their moat is just not comparable to anything else out there right now, Airbnb is now a verb.
