Shopify (SHOP) just keeps surging
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Shopify (SHOP) just keeps surging

By Patrick following x   2017 Aug 30, 11:52am 1,660 views   14 comments   watch   sfw   quote     share    

Up 3.38% just today:

There's no dividend and no earnings, but revenue keeps doubling each year. I have a 267% gain since buying it in May of 2016. This kind of freaks me out. Sell now and call myself lucky, or hold and bet that the momentum is going to keep up for another year?

It's rare that I break my own rule against buying stocks with no dividends or earnings, but I worked at a failing competitor of Shopify called Bigcommerce, and they were so intimidated by Shopify's success that it inspired me to buy the stock. Turns out that their fear was an excellent indicator.
1   Jimbo in SF   ignore (0)   2017 Aug 30, 12:13pm   ↑ like (2)   ↓ dislike (0)     quote      

I'm up 150% since my first purchase, but I added to it and am up 65% overall, which leaves lots of room to sell if it starts declining.
They are approaching a point where they will soon start to make a small profit and that combined with the massive quarterly growth could see this share price grow even further.

I intend to hold and let this one play out, to see where it goes.
2   Satoshi_Nakamoto   ignore (0)   2017 Aug 30, 12:18pm   ↑ like (2)   ↓ dislike (0)     quote      

"Let your winners run"
3   TwoScoopsPlissken   ignore (2)   2017 Aug 30, 12:33pm   ↑ like (1)   ↓ dislike (0)     quote      

Stocks were meant to be sold, so sell them.

Nobody went broke selling too soon.

Me: Sell half and keep half. That way you made money even if it goes to a penny, a you make money if it goes to $200.
4   mell   ignore (1)   2017 Aug 31, 9:47am   ↑ like (1)   ↓ dislike (0)     quote      

As long as you don't see a general market/economy downturn it's probably safe to let them run, esp. if you think the company is going to turn profitable. Sell 25% keep the rest.
5   Patrick   ignore (0)   2017 Aug 31, 10:09am   ↑ like (1)   ↓ dislike (0)     quote      

Patrick says
Turns out that their fear was an excellent indicator.

Can I generalize this somehow?

Maybe do some kind of poll of employees of tech companies about who their most fearsome competitor is, and invest there?
7   HEY YOU   ignore (7)   2017 Oct 4, 10:56am   ↑ like (1)   ↓ dislike (0)     quote      

Anyone ever lost any money?
8   Patrick   ignore (0)   2017 Oct 8, 3:57pm   ↑ like (1)   ↓ dislike (0)     quote      

Sure, lost a boatload on Polycom years ago. Various other failures linger in my portfolio. Fortunately, they are more than offset by the winners. Here are the biggest failures I still hold, just out of spite at my own stupidity:

11   justme   ignore (1)   2018 Feb 15, 2:09pm   ↑ like (0)   ↓ dislike (0)     quote      

Jesus Christ, Patrick. Cash out the money and run. P/S is something like 26 and no profit ever.