I've been mentioning on the Discord a few times, this is the fourth time I've witnessed this volatility from Lightspeed since I bought it in 2019. Altough this one is a little more amplified, it's not like this is out of the ordinary for Lightspeed. It's gone through it before.
The company has given me absolutely no reason to sell, so I'll be holding.
The company now has enough cash on the balance sheet to buy back over 17% of its total shares. I'm not saying it will, or if that will even be a strategy by them in light of their share price collapsing, but this is a company that is in a very strong financial position and is growing at a fast clip.
Lightspeed was served a gigantic cocktail of headwinds, including the short report, supply chain issues, the payment processor selloff (Paypal, Lightspeed, Square, Nuvei etc) and an overall correction in the markets.
I base my investment decisions on the underlying performance of the company. I ignore all emotional aspects of the market. As I mentioned, Lightspeed has thus far given me 0 reasons to sell the stock, so I won't.