$AFRM – from “hot” to “hotter” UPDATE

AFRM from hot to chop to hot again…

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1/14/2021

AFRM had its debut in trading yesterday.

As per the Buying IPOs For Dummies strategy the high of its IPO day at 103 was the trigger to buy the stock. It triggered on the today’s open. In day trading on a pullback, there was a intra-day buy at 107.80. That is the day-trade entry and could be the long-term entry for investors if one is a holder instead in a trader.

The stock has been as high as 139.98 today.

The stop as of this writing, is either at breakeven for the day trade or on a break of 103 long term as per the IPO strategy.

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