Post by
Obscure1 on Jan 10, 2022 1:43pm
Off Topic - Shopify
I appreciate it when people here share what they are buying/holding and WHY they have taken those positions.
I bought some SHOP today. with my play money (the small percentage of my portfolio not in dividend paying growth stox).
The high P/E tech stox have gotten hammered recently and are down hard now for the 6th day in a row. I was going to sell WMT to buy more AMZN as AMZN is at the bottom of its range, but SHOP is down 35% since November. Their holiday sales were strong again (up 23% YoY) which haven't been reported yet in their quarterlies and the market has ignored the info.
I'm not a tech guy at all, but I think SHOP is here to stay and the smackdown of the share price just seems more emotional than fundamental.
Comment by
jx7000 on Jan 10, 2022 3:07pm
It looks awfully bearish since its high in mid November. What are they saying on the SHOP bullboard?
Comment by
alvarez2 on Jan 10, 2022 5:25pm
Value is the only game in town now for me in this environment............healthy balance sheets, lots of cash and manageble debt will be key particularly if the markets take a nasty turn.
Comment by
NPCexe on Jan 10, 2022 11:08pm
100% agree, which is why a bet on SHOP has to be just with fun money.. kinda like bitcoin, hoping the momentum goes the way crypto and TSLA flew. But certainly if the market takes a giant pooper, you can say goodbye to that investment hahah... which is why div paying stocks are so important! SU and ENB as was discussed earlier; you cannot go wrong with either
Comment by
jx7000 on Jan 11, 2022 2:03am
I don't know if anybody's mentioned this yet but SHOP was the subject of a short attack a few years. I was on the receiving end of such an attack almost five-years ago with Home Cap. Group (T.HCG). I recovered and came out ahead but boy, was that ever a stomach churning time.