RE:Interesting day in the market todayI spent 5 minutes looking at SHOP's Financials..... I'm guessing they are going to report MASSIVE LOSS for Q1. Just guessing.
All just my opinion/view/thinking.
Obscure1 wrote: NFLX down 35% on Q1 announcement of a drop of 200k subscriptions (which included the 700k drop in subscriptions as they shut down operations in Russia. The outlook for Q2 is worse and the analysts will have to rework their numbers DOWN.
TSLA down $50 per share in concert with NFLX (no idea why as they are not related in any way) in anticipation of release of Q1 numbers after the close. TSLA numbers blew away the concensus numbers and TSLA shares were up $53 in the after market. The analysts were caught with their pants down and will have to rework their numbers UP
SHOP shares were down $106 (13%) for absolutely no reason other than the tech sector was all Red today. I bought a chunk a pretty good chunk of SHOP at the close on my belief that their Q1 numbers which get reported in two weeks will exceed the analysts consensus. I think SHOP has a decent chance of taking a few perecentage points out of AMZN's market share going forward as soon as they get their distribution network set up. Even a grab of 2% of the market will have a huge impact on SHOP. The 70% beat down of the SHOP share price seems over cooked to me and reminds me of when ENB got creamed for a year or so after they acquired Spectra. I expect SHOP to rebound significantly in the next 12 months.
SU recovered yesterday's loss on the $0.50 increase in the price of oil today after yesterday's $6 beatdown of oil prices. I see the trading as very bullish.
I doubt anyone cares about anything in this post other than the last comment on SU, but I always find it interesting when other poster share their thoughts.