What a dilemma! Square had grown to a 20+% position for me - That was making me very uncomfortable. Last week a sold enough to reduce it to about 15%, I still took a big hit today, but viewed it as a temporary condition.
My problem was twofold, first, I had already redeployed most of the money into starter positions of ALGN and HUBS, therefore not much cash on hand. Second, I sold SQ because I was over-invested in it. I didn’t particularly want to sell other positions in order to add more to my already outsized position.
After reading this thread, the solution presented itself: options. I rarely trade options, but this seems like a no-brainer. I placed an order for Jan, '18, $41 calls @ $3.70. Yeah, I’m aware I could lose the entire premium and if I do it will be a pity, but the case for the upside potential just seems overwhelming. It won’t take long for people to realize SQ is on-sale and drive the price back up.
I have no idea of who this analyst is, but to me it comes across almost like an Andrew Left short attack. Wouldn’t surprise me a bit if the guy shorted the stock before issuing his sell notice. Probably just trying to raise money for his Christmas shopping. I think this whole thing will blow over pretty quick. I could be wrong (wouldn’t be the first time) but, IMO this is almost a gimme.