Monday, November 22, 2021

Selling GreenDot (GDOT) @$39.94 (59.82% Gain).

 Green Dot is a financial services company. Among other activity it provides and manages pre-paid debit cards and the software to manage balances etc..

I bought GDOT at the hight of the pandemic with the thought that people will be moving away from cash and that unbanked people will be moving towards pre-paid etc.

The thesis has proven itself but the future doesn't look worthy of continuing to hold on the this investment.

Regardless of whether or not Green Dot will continue to perform well, the thesis is less clear to me and I will take my profits and move on to, what I feel are, more lucrative investments.

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