SHOP
$SHOP is Set for Little Horrors on the 700 ClubSHOP is one we called out as a top earlier this month after a major midday reversal that came with no news and in concert with similar reversals in other extremely overvalued new-industry tech names. The trendline is now under pressure.
Expect this to fail and hit that rising wiggly blue line (the 50-day MA) Next. Ultimately, the $700 club is coming here.
Bullish CHarts - Undervalued, $1.1 B in Sales, 97.3K New UsersEndurance International Group Holdings, Inc., together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses in the United States and internationally. The company operates in three segments: Web Presence, Domain, and Email Marketing. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools; domain registration, management, and resale services; malware protection solutions to protect subscribers' Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites. The company also provides email marketing solutions that enable subscribers to communicate with their customers and potential customers through email; products that enables subscribers to sell their products and services online, including secure and encrypted payments, shopping carts, inventory management, online marketplace listing solutions, payment processing and related services, and mobile payments; and search engine optimization and marketing solutions. In addition, it offers solutions that allow subscribers to have their Websites and email marketing campaigns rendered on mobile devices; tools and services that enable subscribers to communicate with their customers and potential customers through social networks; business productivity tools that include professional email, word processing and presentation software, online storage, shared calendars, and video meetings; control panels and dashboards that offer subscribers with tools to analyze activity on their Websites; and professional services, including Website design, marketing, social media management, and Website migration services. The company was founded in 1997 and is headquartered in Burlington, Massachusetts.
Many traders may not realize, this company owns some prominent & well known assets including CONSTANT CONTACT, BLUEHOST, HOSTGATOR & DOMAIN.COM among others.
Many of these services we all use on a daily basis.
On 07/14/20, Endurance announced Prelim. Q2 Sales of $274 Million, Net Subscriber Additions of 97,3K, and FY20 Sales of $1.1 BILLION
On 07/15/20, Credit Suisse Lifted the price target on Endurance to $9.00 - (I think this is very conservative especially after seeing the assets the company owns)
The Daily Chart looks BULLISH
50-Day MA is about to cross up and over the 200-Day MA, BULLSIH
Volume is Green, Bullish
PMO is Bullish
MACD is Bullish
RSI is Bullish
Stochastic is Bullish
OBV is Bullish
Accumulation is Bullish
Folks, if you look back at our previous research picks, we've made a lot of great calls. Look at APT, WRTC & SPCE today, to name a few. We think this stock is worth at minimum, $15 to $20 a share after looking at the assets they own.
We think the assets are worth more than the stock price right now. CONSTANT CONTACT, BLUEHOST & HOSTGATOR are very well known in the technology industry.
Long!
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Short SHOPAdding to the maximum stupid series is Shopify. Look at that bullshit. If nothing else people are going to start taking profit after such a massive run up.
There is a reason I am buying puts, I can fix my lose in case things keep getting stupider and I end up being the stupid one for trading against the stupid.
Oct 2020 800 puts.
Cheers,
-Sherem
$SPY $SHOP $BA $DGLY $MRNA $GILD $INOsee charts at www.tradingview.com
Today is going to be make or break for spy,
if it can't hold this $300 level, then we are going down.
I am trying to stay mostly cash until we get a confirmed direction.
However, Vaccine companies like Gild, MRNA, AZN, INO might be interesting to watch, Same with $DGLY for body cam and $DD for tear gas since we have fresh protest again.
BA and Shop can be a nice play either for shorting or for long once we confirm market direction.
WHAT IS SPY?
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the âPortfolioâ), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
$SHOP Suffers Possible "Key Reversal" Day After Bubbly RunSHOP went from up big to down big on Monday after a historic run. This is dead center in the heart of what has been "bubbly" in this market.
If long SHOP (at 50x forward sales), run for the hills. The question remains as to whether or not this is also a warning signal for the larger tech bull trend.
Shopify's price-to-sales ratio is... nearing 70!Just a quick chart showing Shopify's price-to-sales ratio, which is nearing 70. That means investors are paying $70 to get $1 in revenue from Shopify. I have yet to see a large cap stock of this size trade at a multiple like it. Truly amazing to see.
No comment if it is overvalued or undervalued. But, it is high up on my watchlist for future volatility and I thought some of you would find it interesting.
They could grow 200%+ and I guess at that point it makes sense. But the expectations are high for them and need to hit on all cylinders.
Stocks Better then AMZN: PDD, HFG, ADYEN, SHOP, 3690My list of stocks wich i hold in may-june and enjoyed their perfomance:
On-line retail platforms and covid gainers
PDD (Pinduoduo)
HFG (Hello Fresh)
ADYEN (Adyen)
SHOP (Shopify)
3690 (Meituan Dianping)
Adyen have a great potencial to go up, and all of this companies have a great potencial next 3 years.
I reccomend to buy warrants for 2022-2023 year.
Shopify - Quite RiskyShopify is an example of where the stock keeps going up ahead of its fundamentals that it has become quite risky even for trading purposes.
The risk reward ratio is no longer there to justify to putting large positions here. This is an example where if you bought on the breakout at lower prices, you will get rewarded immensely if you keep holding until now. It is about reducing positions and taking profits.
Anyone who all in at this point is rather crazy.
What I want from Shopify is for it to cool down, let fundamentals catch up with it and then we will evaluate and see whether there is another possible entry in the future.
Not something I want to touch at this point. Can shopify double from here? Maybe. But what is the probability? Given that its Price to Sales ratio is now around 60, Price to Book Value is 30. There are numbers that you don't see unless if you go back to Dot Com bubble.
Sooner or later, the price will correct itself. And it may be fearful that most people will be left holding the bags and need to bear the burden of major corrections.
Parabola don't last forever, eventually it will end.
Investing/Trading is all about risk management and position sizing.
Don't message or try to reach me.
Shopify Inc (SHOP - NYSE) - Impulse wave patternShopify Inc (SHOP - NYSE) has completed wave 4th as triangle and starts moving up in 5th wave. Smaller pull back in 3 min time frame as subwave 2 will be good entry to buy. It is moving out of triangle, means the move should be very sharp up without bigger correction, so that small pull back will be used to get in.
SHOP SHOP SHOPListened to the CEO's interview this last week and he seems optimistic that SHOP sellers are adapting to the pandemic and will come out ahead. Says RETAIL sales fell off a cliff but have seen a slight uptick. Sounded confident could weather the storm like 2008.
When this thing runs, LOOKOUT