Shopify Inc. (shop) Which Way Will It Turn?

Discussion in 'Investment Charts' started by longtermbull, Aug 1, 2017.

  1. Chartman

    Chartman Senior Investor

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    Price is strong just now and forecasts of a trillion dollar online retail market by 2027 must surely put the company in a great position?
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    One to buy in small chunks on weakness and tuck away for the long term - still prefer tucking away Amazon shares in a similar fashion but there might be added regulatory issues if the company controls over 50% of the market in the future as some analysts predict.
     
  3. Chartman

    Chartman Senior Investor

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    Time to start picking up small chunks of this one I think - they will benefit enormously from the expected growth in ecommerce. The shares seem to be getting ready for another run after the recent fall.
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I sold 40 of my 50 shares at ~ $105.50 a couple of days ago, made ~ $500.
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Are you tempted to get back in JR? I am seriosuly considering adding a few to my pension fund with a long term outlook - as well as Amazon.
     
  6. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Bought another 10 shares on today's dip.
     
  7. gowiththeflow

    gowiththeflow Senior Investor

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    Shares under pressure again - I am a true believer that if the long term prospects remain fairly intact then try to look beyond any short term volatility. However, if the long term prospects change then that is a whole different ball game.
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    After what can only be described as a difficult period, the shares appear to be back in favour and have been rising steadily of late. Online shopping is set to grow and grow and while Amazon is the leader there will be space for others. There is also some positive news comment on Shopify:-

    https://news.google.com/search?q=shopify&hl=en-GB&gl=GB&ceid=GB:en
     
  9. longtermbull

    longtermbull Administrator Staff Member

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  10. Chartman

    Chartman Senior Investor

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    Long term a strong buy - short term, buy on bad days and start accumulating stock :)
     
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