A little pull back yesterday but these shares have done remarkably well! How far can they go is the big question? Upward trend still firm and intact - maybe look at stop loss limits to protect profits going forward?
A lot of stale bulls knocking about who might have been caught sleeping after the fall - cant see it pushing too far ahead in the short term.
US online retail sales are expected to hit $1 trillion by 2027 - surely companies such as Shopify will benefit from this?
If the online retail market could hit $1 trillion by 2027 then there will be a time to buy this one. Maybe wait until the down trend has played out?
Even though Amazon is expected to grab over 50% of the future retail market, Shopify sells the software which allows people to sell online - surely this offers a better route to benefit from expansion of the online market?
If Shopify can maintain its position going forward it should benefit massively as the online retail market grows.
A purchase of Amazon shares for the longer term would probably be my first choice. However, Shopify is a way of hedging your bets as the company's software is used right across the board and should become more popular as the online retail market grows. Anyone know much about the company's business model?
