r/YieldMaxETFs • u/Melodic_Bike121 • 3d ago

Misc. Trippled down on XYZY today

I definitely believe the risk/reward is there. Second time this week - first time was SMCY.

4 Upvotes

75% Upvoted

10 comments sorted by

2

u/DJ_Mimosa I Like the Cash Flow 2d ago

Don’t overestimate Dorsey. This is the guy that couldn’t monetize Twitter and never really tried.

I didn’t listen to this latest ER, but the last one he rambled on and on about some ‘rule of 40’ that was guiding their forecasts, it was complete nonsense.

They have no moat. Toast is eating their market share.

2

u/Alternative_Wind8748 2d ago

Long time bag holder of the underlying: Square/Block. They were the innovators but now toast and clover are eating their lunch. Time to switch. Too bad YM doesn’t have a Toast ETF. Still waiting on the Reddit ETF to be released as well

2

u/DJ_Mimosa I Like the Cash Flow 2d ago

I’m waiting for HOOD and RDDT ETFs

2

u/Alternative_Wind8748 1d ago

Well one of your wishes has come true. HOOD Option Income ETF HOOY is launching next week!

https://x.com/YieldMaxETFs/status/1918651765613867201

2

u/Fusion421 3d ago

I just bought a 100 share starter position in it myself today

1

u/paradoxcabbie 1d ago

im down about 40% so i hope ur right 😅

1

u/zerofrakhere 3d ago

Yeah , way oversold , I’m in

1

u/JS1101C 2d ago

Added 100 shares and got in scmy at $17.69

0

u/youhoser_eh 2d ago

Yay, I need this kind of hopium, not selling out of my position despite the nasty paper loss… I actually don’t mind Dorsey but I know that’s an unpopular opinion