Post by
WINDGOD46 on May 05, 2022 2:31pm
Follies abound
What dude in his right mind would have paid $2200 for one Shopify share and now leaking his wounds with the stock down to the $400s range. Are people so stupid, or am i missing something. Shopify with nothing tangible worth talking about, traded on promises and thin air until the helium came out of the balloon. I pray and I hope none of the people writing on this board was sucked in into this madness and I only hope the buyers were those people with the deep pockets who have lost any sense of moderation and are brandishing their dollars to the less advantaged.Good luck folks and stay out of trouble.
Comment by
Rileym7833 on May 05, 2022 2:36pm
The people with truly sustainable deep pockets wouldn't buy a tricked out Craigslist for 65B. We probably own the thing indirectly through the Canadian pension plan lol.
Comment by
NonCredibleSrc on May 05, 2022 3:24pm
I saw this through the late 90s, ultimately culminating in the dot com bust.
Comment by
Zaccar1 on May 05, 2022 6:10pm
I bought shop in late March of 2020, and sold it all last fall, for 1975.54 . My thoughts were the fizz would be lost as the world reopened. It rallied on after I sold..but looking back I timed it perfectly..some luck and some logic. No, I won't be buying it back. I have not sold any wcp. But I am in very cheap. And can afford to be patient. Good luck to all
Comment by
divime1 on May 06, 2022 7:27am
Index funds need to keep buying these stocks to keep the weighting right . The higher they go the more they need to buy . Nortel was once almost 40 % of the TSE . Stock picking funds couldn't beat Index Funds . BRE-X killed the precious metal funds when the bubble broke because they all had to own it to keep up with the other funds .