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Shopify

SHOP - The w[E]ed-[Commerce] solution from CANADA So you should know this buy now www.cbc.ca And if you are from Ontario and over 19 years old, I bet you also know what happens on October 17, 2018. www.ontario.ca Shopify Inc. (Nasdaq: SHOP) is a company that’s about to make billions from the end of marijuana prohibition without ever touching the leaf. It’s the online retailer – not Amazon.com Inc. (Nasdaq: AMZN) – that just inked a contract to provide an e-commerce platform for a major Canadian cannabis retailer. You see, when Canada goes fully legal later in summer 2018, pot companies will want to sell (and their customers will want to buy) their wares online. Makes sense. And the great news for investors in Shopify? The Ontario Cannabis Retail Corp. (OCRC) – the government agency in charge of sales in the province – is relying on Shopify, and only Shopify, to make it happen. That’s going to be a huge boon for cannabis investors. Ontario is home to 13.6 million people, with bustling Toronto and its financial sector at the heart of the province. That’s the perfect place to begin cashing in on Canada’s legal weed market, which Deloitte says could hit $8.7 billion over the next few years. But that’s really just the beginning for Shopify. This tech-forward company develops the kind of sophisticated software that allows small retailers to plug into e-commerce platforms like Amazon and sell their stuff. With Shopify’s platform, they can manage orders, collect sales dollars, and send out emails to buyers. Or, if they prefer to go it alone, Shopify can help small retailers build their own online storefront, handle multiple sales channels, and plug into social media for customer outreach. That business model alone qualifies this as a solid choice for investors. Its sales grew an average 85% over the past three years, compared to 26% growth for Amazon during that stretch. Now, OCRC has picked to exclusively use Shopify’s e-commerce platform for cannabis sales online. Shopify’s technology will also be used inside OCRC’s Ontario Cannabis Stores to process transactions and for digital kiosks displaying product information. And Ontario is just the “first mover” here. Many of Canada’s other nine provinces are likely to follow the leader here in choosing the home-grown Shopify (which is based in Ottawa) as their e-commerce partner. That could double Shopify’s total market opportunity there. In fact, Quebec province-based grower Hydropothecary Corp. has already chosen Shopify to help it sell medical marijuana online. Thanks to moves like the OCRC deal, Shopify’s total addressable market stands to exceed $50 billion… As a side note, just imagine if they integrate cryptocurrencies
TSX:SHOPLong
by johntuca
Shopify: $150 Short, $170 Long PriceShopify is one of those stocks that went really up the past few years and is sort of a gold mine in the startup world. More and more people are getting interested in dropshipping and e-commerce and the market demand is showing. The small negative dip it had, immediately re-correlated to positive and had a breakout the following quarter. Even though there could be potential for still some negatives after that dip, it is reasonably a conservative investment for those who expect returns. Within a few weeks, a $150 threshold is possible, and within the end of the year, crossing the $170 price tag is quite reasonable.
NYSE:SHOPShort
by gamer456148
SHOP: Short Term Correction Before We Hit $205 TargetObservations We are currently in the intermediate 3rd wave of the major 5th wave. Based on Elliott wave count, it appears that intermediate 3rd wave is complete which means we are due for a correction. Expecting wave 4 to be a small correction within 0.236 - 0.382 fib zone as wave 2 was a very significant correction to 0.786 fib. Target price for the intermediate 5th wave appears to be around $205.00 based on 1:1 ratio of the 1st wave. Side Note: I absolutely love SHOP. It is definitely a great company to be holding long term. I have been in since $32.00 but have sold late October year for about $147.00 to reinvested those gains into my MJ stocks :) Disclaimer For informational purposes only and not deemed as financial advice
TSX:SHOPLong
by modernpicasso
Cautiously Bullish on SHOP by selling Put Credit SpreadsSell the Feb 16 SHOP 100/95 Put Credit Spread for $0.65 or better, for a 13% (not counting commissions) return within 35 days. Stop loss should be if the spread increases to $1.30. SHOP has held the 61.8% retracement of the Sep 17 high to Oct 17 low and is clearing the way for higher moves. Playing it with selling a put credit spread and receiving $65 for every $5 wide contract sold, for a potential 13% Return on Risk over 35 days. Happy Trading Lindosskier
NYSE:SHOPLong
by lindosskier
Shopify Breaking Out once againShopify is a SaaS company providing eCommerce solutions to businesses of all sizes. They allow retailers to set up websites for fractions of what it cost to build a full blown eCommerce platform from the ground up. The company is showing explosive revenue growth due to the proliferation of online retailing and the ability to provide a better and cheaper solution to many of its customers. The stock recently went through a period of consolidation from mid September until now after Andrew Left made it a short target of his. The recent breakout was on above average volume. Watch for the stock to continue to rise, but be quick to exit if it closes below the breakout line shown on the chart. Updates to come...
NYSE:SHOPLong
by gthom9
SHOP setting up to break 94 resistance? 1 White Soldier on dailySHOP opened higher than Fri close and is sitting right around yesterday's high of 93.3. If it closes > yest. open 92.22 (ideally > yest. high) it'll look like a clear bullish 1 White Soldier bouncing off long uptrend line & testing/establishing 94 as support. But since the white soldier isn't technically at support yet (so far, 94 still resistance), it may just be signalling bullish momentum heading into Aug. 1 ER but we may see the price staying in the 91-94 range with tests of 90 & uptrend line and tests > 94 til then per previous analysis. Best to sell puts and enter/go long ~91 regardless since any news could easily send this through 100 & solid long:)
NYSE:SHOPLong
by heidib
SHOP rejecting off 94? If so, back to retest/establish 91Looks like SHOP is rejecting off 94 resistance so if it closes <94, we may get that 91 retest earlier analysis indicated (which prompted me to close the Oct 90 calls for just small gain & miss the 94/95 test bec. i forgot to look at momentum indicators which i'm learning now...). If so, will be watching MACD, RSI & CCI closely for choosing entry for my first attempt at a weekly swing trade with this. Debating whether to start super small w/ just 100 shares & see how it goes since the 20 is still below the 50 avg. and it may drop further than I expect in which case I could add more - or whether to try to swing it buying call options, which are much riskier. Maybe I'll do both because i have a feeling the hard part for me will be selling shares next test of 94-95 level since I'm so long this company and will want to hold them. Either way, ideally will try to catch bottom of 91 retest & grab somewhere along high 88s uptrend line if it looks like it will even dip that far & close call options when/if it retests 94-95 again...that way i'll only really risk the amount invested in call options since I'm long the stock & will just hold the shares (and sell puts & maybe calls) if it goes against expectation.
NYSE:SHOPLong
by heidib