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. #investing
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.
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.
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:
https://finance.yahoo.com/quote/SHOP?p=SHOP
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.
#investing