their goal is passing AMAZON?jerryhung wrote: ↑ SHOP is holding up the TSX
ATH daily, +3% a day
$1150 CAD today
https://ca.investing.com/equities/shopi ... ?cid=25152
Thoughts on Shopify?
- Last Updated:
- Mar 5th, 2021 12:25 pm
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- SCORE+1
- reps001
- Deal Addict
- Jan 6, 2015
- 1539 posts
- 730 upvotes
- Electrah
- Deal Addict
- Jun 18, 2018
- 1984 posts
- 1456 upvotes
- Toronto
Was about to say just this...and then you have people investing in 3% GIC/HISA as a yearly interest rate, while this stock is getting this daily. Any pullback the past few months have been a joke and recovered same day/next day.jerryhung wrote: ↑ SHOP is holding up the TSX
ATH daily, +3% a day
$1150 CAD today
https://ca.investing.com/equities/shopi ... ?cid=25152
I've been buying & selling $5k worth everyday and making $150/day for fun lol
- herculesmaxpower
- Sr. Member
- Dec 31, 2015
- 858 posts
- 234 upvotes
I always kick myself for missing out on SHOP since I actually like their service and what they offer. Been looking at it for years but always thought there's no way they can keep going up lol
- 9thGenCivicSi
- Banned
- May 20, 2020
- 464 posts
- 310 upvotes
- City of Toronto
- jerryhung
- Deal Expert
- Sep 19, 2004
- 26763 posts
- 9333 upvotes
- where I belong
New ATH for SHOP USD
+4%, just because
sole big green name on TSX
+4%, just because
sole big green name on TSX
Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A
- rodbarc
- Deal Fanatic
- Dec 14, 2010
- 7113 posts
- 9300 upvotes
RBC Capital Markets recently upgraded SHOP tarhet price to US$1,000 and Outperform rating. I expect it to continue to grow.
Rod
Rod
Build a comprehensive portfolio based on Investing and Trading strategies. Check out these threads and join the discussion:
Investing strategy based on dividend growth
Trading strategy based on Graham principles.
Investing strategy based on dividend growth
Trading strategy based on Graham principles.
- johnnyepy666
- Sr. Member
- Mar 28, 2017
- 616 posts
- 495 upvotes
I sold 20 shares @1200 CND darn now I am debating
- jerryhung
- Deal Expert
- Sep 19, 2004
- 26763 posts
- 9333 upvotes
- where I belong
SHOP reports tomorrow before market opens
naturally people chase it up, +5% yesterday, +3% today
naturally people chase it up, +5% yesterday, +3% today
Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A
- jerryhung
- Deal Expert
- Sep 19, 2004
- 26763 posts
- 9333 upvotes
- where I belong
https://seekingalpha.com/news/3596550-s ... on-revenue
Shopify (NYSE:SHOP): Q2 Non-GAAP EPS of $1.05 beats by $1.03; GAAP EPS of $0.29 beats by $0.87.
Revenue of $714.34M (+97.3% Y/Y) beats by $202.78M.
Gross merchandise volume +119% to $30.1B vs. consensus of $19.90B; Subscription revenue +28% to $196.4M vs. consensus of $192M.
premarket +7% to ATH
Shopify (NYSE:SHOP): Q2 Non-GAAP EPS of $1.05 beats by $1.03; GAAP EPS of $0.29 beats by $0.87.
Revenue of $714.34M (+97.3% Y/Y) beats by $202.78M.
Gross merchandise volume +119% to $30.1B vs. consensus of $19.90B; Subscription revenue +28% to $196.4M vs. consensus of $192M.
premarket +7% to ATH
Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A
- jimbojones
- Member
- Aug 15, 2003
- 495 posts
- 22 upvotes
This has been my most successful pick since I started investing two and a half years ago. However I made the mistake of selling half my position after it doubled, then selling more in the last month. Lesson learned for me is to let my winners run. I would have been much better off leaving it alone, or even better adding to my position over time.
- RalphL85405
- Newbie
- Jun 11, 2018
- 17 posts
- 19 upvotes
Selling half when it doubled is not a bad thing. Return of your principal and a free option on the stock.jimbojones wrote: ↑ This has been my most successful pick since I started investing two and a half years ago. However I made the mistake of selling half my position after it doubled, then selling more in the last month. Lesson learned for me is to let my winners run. I would have been much better off leaving it alone, or even better adding to my position over time.
Don't beat yourself up! Nobody ever lost money taking profit.
- jimbojones
- Member
- Aug 15, 2003
- 495 posts
- 22 upvotes
The interesting thing for me is that I won't cut my losses on bad stocks, but I trim winning stocks. Psychologically I hate selling when my stocks are down 50+%, but I trim my winning stocks because I think they are overvalued. If I look at my portfolio since I started, I would be better off doing the opposite! Limit my loss by selling losers quickly, and adding to my winners because they keep performing. Overall I'm happy a grateful that I was able to lock in some profits but I might try a different strategy going forward. The risk is that over time I would only own richly valued stocks and as soon as growth slows they will correct quickly.RalphL85405 wrote: ↑ Selling half when it doubled is not a bad thing. Return of your principal and a free option on the stock.
Don't beat yourself up! Nobody ever lost money taking profit.
- ItechJester
- Deal Addict
- Mar 27, 2007
- 2721 posts
- 705 upvotes
Everyone has a story just like this....why is this a negative? You learned a huge lesson, and will adjust your strategy.jimbojones wrote: ↑ This has been my most successful pick since I started investing two and a half years ago. However I made the mistake of selling half my position after it doubled, then selling more in the last month. Lesson learned for me is to let my winners run. I would have been much better off leaving it alone, or even better adding to my position over time.
Consider the money left on the table as your tuition. There will be plenty of other 'shopify's'. Don't miss the next ones.
- notenoughsleep
- Deal Fanatic
- May 22, 2003
- 9325 posts
- 6386 upvotes
- Vancouver
Everybody dreams of one day buying a stock that if they had invested $10,000, would one day make them a millionaire. For those who got in the IPO, I think this may be a reality (I am not one of them). Congrats to those who have been holding since the beginning. Best I've managed is a 10-bagger with Visa
- bomber17
- Deal Fanatic
- Apr 5, 2016
- 6116 posts
- 4613 upvotes
- Calgary/Vancouver
That's still a good strategy. I tend to sell once a stock hits around 20-30%. Only exception to this is AAPL, MSFT, AMZN and TSLA in my portfolio simply because of their huge growth and ability to rapidly adapt. To get over the "I wish I kept" feeling, I just focus on investing on another stock. In the long run, this strategy helped me avoid the massive drops after a huge run up.jimbojones wrote: ↑ This has been my most successful pick since I started investing two and a half years ago. However I made the mistake of selling half my position after it doubled, then selling more in the last month. Lesson learned for me is to let my winners run. I would have been much better off leaving it alone, or even better adding to my position over time.
- SomeOtherDude
- Deal Fanatic
- Nov 23, 2008
- 7140 posts
- 3513 upvotes
SHOP is great for day traders.
its highly volatile and moves up/down by 3-5% regularly.
I totally believe in their product - its awesome - and they're making the right partnerships too.
Long term, its still a scary price for such a company.
Its basically like buying Amazon at today's price, but 10 years ago.
its highly volatile and moves up/down by 3-5% regularly.
I totally believe in their product - its awesome - and they're making the right partnerships too.
Long term, its still a scary price for such a company.
Its basically like buying Amazon at today's price, but 10 years ago.
- xcentric
- Member
- Jul 10, 2008
- 292 posts
- 33 upvotes
- North York
Lightspeed and DCBO, Shop 2.0 ?
- notenoughsleep
- Deal Fanatic
- May 22, 2003
- 9325 posts
- 6386 upvotes
- Vancouver
- McKinsey
- Deal Addict
- Oct 18, 2014
- 2050 posts
- 925 upvotes
- HK
Guilty. It's been a wild ride and you need to have a the stomach to see your portfolio value go down 10k-100k on a daily basis.notenoughsleep wrote: ↑ Everybody dreams of one day buying a stock that if they had invested $10,000, would one day make them a millionaire. For those who got in the IPO, I think this may be a reality (I am not one of them). Congrats to those who have been holding since the beginning. Best I've managed is a 10-bagger with Visa
- Matrix_dot_ca
- Deal Addict
- Jul 20, 2003
- 1181 posts
- 247 upvotes
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