patrick.net

I have some SHOP and even now it shows 13% annualized gain for me. Not spectacular, but not disasterous either.

Why has SHOP dropped so far so fast? Is a competitor gaining ground?

I don't see it. SHOP still dominates websites for businesses that want to be online, and their revenue keeps rising handily.

Maybe it's because they are showing a loss lately, but lots of rapidly growing companies are forgiven for showing a loss as long as they keep growing.

Patrick says

lots of rapidly growing companies are forgiven for showing a loss as long as they keep growing.

Like AMZN. And TSLA.

BayArea says

Who rode it down from 1763 to 340?

Ouch!

I shorted it at $1200 and exited the shorts at $600

Hircus says

Why has SHOP dropped so far so fast? Is a competitor gaining ground?

Market hysterionics. First on the way up, then on the way down.

https://finance.yahoo.com/news/tesla-apple-microsoft-peloton-all-of-tech-companies-hitting-the-brakes-on-hiring-202428628.html

Ecommerce platform Shopify (SHOP) is the latest tech company to reduce its ranks, announcing that it will cut 10% of its workforce.

Shopify Inc. (SHOP)
30.80/sh - 5.91 (-16.10%)
As of 12:05PM EDT. Market open.

zzyzzx says

https://finance.yahoo.com/news/tesla-apple-microsoft-peloton-all-of-tech-companies-hitting-the-brakes-on-hiring-202428628.html

Ecommerce platform Shopify (SHOP) is the latest tech company to reduce its ranks, announcing that it will cut 10% of its workforce.

Shopify Inc. (SHOP)
30.80/sh - 5.91 (-16.10%)
As of 12:05PM EDT. Market open.

Yep, I'd stay away from most big tech companies for now. Long term this seems like a solid co. but xiden inflation and people going outside again to do business will keep deflating the !covid! online pump. All in all the lockdowns were just another boon to big tech while destroying mom and pop stores.

Good day for SHOP today:

https://national-conservative.com/shopify-ceo-rebukes-far-left-campaign-to-de-platform-libsoftiktok/

Shopify CEO rebukes far-left campaign to de-platform LibsofTikTok

Shopify CEO Tobi Lutke rebuked a campaign by far-left activists to pressure Shopify to de-platform LibsofTikTik. There is a LibsofTikTok Shopify store that sells t-shirts and mugs stating, “Stop Grooming Our Kids.”

Nandini Jammi is at the forefront of the online campaign to de-platform LibsofTikTok. She is a self-described “watchdog,” and co-founder of Check My Ads.

He accused Nandini Jammi of hyping a “bad faith narrative.” This prompted hundreds of hysterical replies from left-wing activists claiming Shopify supports “nazis” and “hate.”

gabbar says

clambo says

Shopify and the ones mentioned by BayArea deserve to go down.

PYPL too?

PYPL fucked themselves when they got into crypto shit.

Tobi Lutke was not really in control of the company for a while. I'm hoping he's a legit good guy and is also cleaning house.

Seems to be on a solid upswing again:



They are basically a landlord for online businesses. So how they do depends on how the online economy does.

SHOP is recommended by Valueline

Nice to know. I think I'll hold.

I've been holding continuously, and finally back above the peak, though not when you account for inflation.

https://finance.yahoo.com/quote/SHOP/

Earnings due out today, but some very bad news:

https://finance.yahoo.com/news/jim-cramer-shopify-become-very-160643765.html

Jim Cramer on Shopify: “It’s Become a Very Reliable Winner”

Crap, a strong endorsement from Cramer is a very negative signal, just about as bad as "strong buy" from analysts.

@Patrick, I can't remember, did you say you have been doing all of your own trading and investment decisions (not relying on any kind of advisor)?

@GNL

Yes, I do it all on my own. No advisor.

I don't even like mutual funds. I want to buy and hold exactly and only the stocks I chose.

Patrick says

I want to buy and hold exactly and only the stocks I chose.

Which stock was your major success? I bought Micron at $10.

Shopify by far.

But had some other good hits, things that doubled or more in a couple of years. CROX, SODA, HANS jump to mind.

I bought VCEL in 2018 on the recommendation of a user of this site, and it's up 3.5x.

Had some huge losers too, like four Canadian cannabis stocks, which all went to zero. Pretty sure they were just mafia fronts from some kind of scam.

Patrick says

Shopify by far.

But had some other good hits, things that doubled or more in a couple of years. CROX, SODA, HANS jump to mind.

I bought VCEL in 2018 on the recommendation of a user of this site, and it's up 3.5x.

Had some huge losers too, like four Canadian cannabis stocks, which all went to zero. Pretty sure they were just mafia fronts from some kind of scam.

I always forget you hold on forever, VCEL is a shadow (though profitable) now at roughly half ($35) of its former beast mode when it went almost into the $70s, I sold long ago at $12 after buying at $3. Tax wise your strategy is definitely better, but I just like to invest into small caps when they are around their inflection points to become profitable.

Been in ESPR since .70, now at almost $3 it's still a great buy, going to $10+ in 2026. Own plenty of other small cap biotechs as always but this one is most solid and derisked. Look at SLS for an all or nothing gamble with great pot odds. Downside less than $2/sh, upside 10x-40x.

As always do your own DD and don't take investment advice from anyone but yourself after you have done your DD ;) It's good to get ideas/banter from others, though. Still working on that investment fund idea..

Yes, could have made more on VCEL by selling at $70, but no one ever tells me when a peak has been hit, lol. Still happy to just hold it.

https://www.nasdaq.com/market-activity/stocks/shop/earnings

https://ca.finance.yahoo.com/news/solid-quarterly-beat-shopify-revenue-175536928.html

Shopify’s merchant solutions revenue grew to US$2.15 billion from US$1.55 billion, while subscription solutions jumped to US$699 million.

The company is forecasting that revenue will grow at a “mid- to high-twenties percentage rate” and gross profit will increase at a “low- to mid-twenties percentage rate” in the fourth-quarter. ...

In September, Shopify announced a partnership with OpenAI Inc. on Instant Checkout, a new online shopping tool that will let ChatGPT users search for, select and buy products directly via the AI chatbot. ChatGPT said it had 700 million active weekly users as of August.

The tie-up will allow more than one million of Shopify’s merchants to sell their goods through the chatbot. Under the terms of the deal, Shopify will continue to manage checkout payments and give OpenAI a “small fee” for purchases made via ChatGPT.

https://financialpost.com/news/retail-marketing/shopify-revenue-jumps-merchants-sales-growth

E-commerce giant Shopify Inc. continued its growth streak in the third quarter, posting double-digit increases in revenue and gross merchandise value in results released Tuesday.

Ottawa-headquartered Shopify, which makes tools for businesses to build and manage their online stores, recorded US$2.84 billion in revenue in the quarter, an increase of 32 per cent from the year before. The company’s gross merchandise volume (GMV), which tracks the total value of goods sold through its platform, jumped 32 per cent to US$92.01 billion.

Patrick says

Had some huge losers too, like four Canadian cannabis stocks, which all went to zero.

I had some losers as well - I bought SunEdison, JC Penny, and one other I can't recall that all went to zero.