Fiverr Is My Newest Pick

[disneysteve]

So I am not in a hurry trying to find the next x, y and z as it's not needed.

Don't quit now. We're all waiting for your next great pick.

[Singuy]

I’m the worst stock picker ever but someone once gave me some good advice on when to sell: would you buy the stock today? If yes, keep it. If no, sell it. Not sure I could follow that advice myself because I was always a very emotional investor.

My philosophy is this. Can the stock x5 - x 10 if I buy at this level? If the answer is no then I won't buy. This doesn't mean I should sell either if it doesn't x5 - x10. Every company's stock performance will eventually slow down, but the trick is to have gained so much that a typical 5-15% growth in share price is a win if you have a mil or two in that company. So I don't see myself as a buyer because there's no point as the gains from the share appreciation outweighs what I put in while introducing unnecessary risk when the upside is limited.

It's almost like front load your retirement account at a younger age as much as possible and stop investing 15 years in because it no longer matters.

This year has been monstrous for me with a 700% return. If my return is 10%/year for the rest of my life then I'll probably die with 20 million dollars. So I am not in a hurry trying to find the next x, y and z as it's not needed.

[corn18]

I’m the worst stock picker ever but someone once gave me some good advice on when to sell: would you buy the stock today? If yes, keep it. If no, sell it. Not sure I could follow that advice myself because I was always a very emotional investor.

[disneysteve]

I'm Glad Steve asked the question already! I been wondering the same.... (this is kinda the reason I put that post up for selling strategy shares).

I'm well past the "greedy" threshold here lol. Wondering when I should count this as a sound win, and cash in some wins.

Going long on FVRR does not really scare me though. Just wondering if there is a way to have your cake & eat it too here (like sell my cost margin, and play w/ profits only? is that a common practice these days?)

There's really no wrong answer here. Certainly, nobody could possibly fault you for taking a 260% profit and walking away. If you do that, I would urge you to stop watching the price. Just forget the stock exists. If you have it on any portfolio tracker you follow, delete it.

You could sell a portion of your holdings and hang onto the rest. I've done that a number of times over the years. Locked in some profit and let it ride with the rest.

Or if you're fine letting that money go wherever it goes, you can just leave it alone and see what happens.

It really comes down to your risk tolerance and your goals for the money involved.

Personally, I got into FVRR late compared to some of you but I'm still looking at a 5-figure gain based on yesterday's closing. Plus I bought it in an IRA so there is no tax consequence to me selling it. I'm going to watch it for now but I'm open to selling some or all of it at any point if it looks like anything has fundamentally changed.

[amarowsky]

I'm Glad Steve asked the question already! I been wondering the same.... (this is kinda the reason I put that post up for selling strategy shares).

I'm well past the "greedy" threshold here lol. Wondering when I should count this as a sound win, and cash in some wins. I'm sitting at a 260% gain (avg among my lots) which is when I start with the "know when to hold em and when to fold em". Back when I was in my youth. My grandparents got my brother and I invested (w/ some of their college money for us) into Lucent and Cisco technologies a long time ago. I was fortunate enough to ask to "sell" after I had double my meager 2k. My brother & grandparents did not , and went long. If you're familar with Lucent's Violently volatile history it had a Icarus like fate. Went Crazy high, did a spin off (3 or 2 to1) , and eventually imploded on the 2001 .com bubble. I asked my granny to sell half my lot and keep the other half. She always praised me for requesting that move. And it's stuck with me... (I get un-easy when things are going too well....)

Going long on FVRR does not really scare me though. Just wondering if there is a way to have your cake & eat it too here (like sell my cost margin, and play w/ profits only? is that a common practice these days?)

Fiverr does speak to me..... I'm a fan of freelance work (the idea of it generally). It seems to have great potential (especially during covid times. I just hope it will perceiver, in a "vaccinated - post novel covid world"...

[Singuy]

Singuy what are your thoughts on that price target? It’s not that far off at the rate they’re going?

Price target is what they think the stock will be in a year until revised otherwise based on earning reports. Price target is not a peak and from what I can tell, most good growth stocks surpass price targets due to more exuberance. Tesla is a stock that have surpassed every price target any bank has put on it on a monthly basis. What I find funny is that banks have been chasing Tesla's stock in their price target rating.

What is more important are the ratings. A buy rating gives the green light for their fund managers to buy. So you usually see the largest jump in stock price from sell/neutral to buy. You barely get any stock price jump from buy to overweight, or from sell to neutral. Buy is the most important rating to hit.

[disneysteve]

Singuy what are your thoughts on that price target? It’s not that far off at the rate they’re going?

[Singuy]

Congrats to all longs. We are now in the big leagues!

"Goldman Sachs analyst Michael Ng initiated coverage of Fiverr with a Buy rating and $253 price target. The analyst forecasts annual revenue and EBITDA growth of 32% and 119%, respectively, as the company increases the number of active buyers on the platform through freelance market growth, expands upmarket to reach higher value spenders, and benefits from operating leverage. Fiverr is well positioned to help establish an online marketplace for freelancers, Ng tells investors in a research note.

Read more at:
https://thefly.com/n.php?id=3216270"

[jeffmem]

How strange! I have 181 shares, across my husband's and my ROTHs and our sverage costs works out to $99 too!!!! I'm hoping to get to 200 shares as well, but didn't think to check how much of our portfolio that would be. Thanks for the heads up.

LOL! Congrats! hahaha, coincidence. I really want to get to 200, I guess I should have bought an extra 20 shares at 136, that drop was huge.

Amarowsky, actually I do use it, I have multiple projects listed, I just have not had a chance to complete them yet, but I feel it could be great as I will have tons of small projects I will need done. I like the site and the company.

[amarowsky]

If this lockdown continues, I think this will be a valuable lifeline to a lot of people who find difficulty or exceptional risk in a typical employment relationship. (enables tons of remote work to be completed)

[amarowsky]

Better way to continue to drive up the price is to start USING the company.

I need to update a logo for my brand, and I was thinking about tossing like $100 into 10-20 different artists at different levels. So I have several cool options to deploy a new 2020 logo! Also there are some other good options on here (paying people to edit your writing, produce your music recordings, or even compile different shots of photography/video). <---- small section of what they offer.

[Scallywag]

That's what I figured kork, I did find one article about that, about the vaccine stuff. I think it is too early to invest in airline companies as the volitility is still there. Virus is going no where for awhile yet. I bought 20 more shares of FVVR at 136. Brings my avg cost up to $99 though. I have 180 shares now. If it goes under 130 I may consider buying a bit more so I can have 200 shares. That's a pretty sizable investment. It's nearing 10% of my holdings, so I need to watch that.

How strange! I have 181 shares, across my husband's and my ROTHs and our sverage costs works out to $99 too!!!! I'm hoping to get to 200 shares as well, but didn't think to check how much of our portfolio that would be. Thanks for the heads up.

[parafly]

I am late to this thread, but I bought FVRR yesterday at $140 on the dip. It's up nicely this morning.

Is there any specific price target at this point? It was trading at $190 a few days ago. Is that a good selling point or do you see this stock as a long term hold?

[jeffmem]

That's what I figured kork, I did find one article about that, about the vaccine stuff. I think it is too early to invest in airline companies as the volitility is still there. Virus is going no where for awhile yet. I bought 20 more shares of FVVR at 136. Brings my avg cost up to $99 though. I have 180 shares now. If it goes under 130 I may consider buying a bit more so I can have 200 shares. That's a pretty sizable investment. It's nearing 10% of my holdings, so I need to watch that.

[kork13]

Yeah it was doing well.... The whole market has turned, it's like a roller coaster the last two weeks. But FVVR has come down from 190 to 130 in two days, but I cannot find any news. Anyone know what's going on? I was thinking to buy more as I have been waiting for it to go back to 115, but I don't think it will get there.

It's almost certainly reflexive, not based on any fundamental change in the viability or success of the company itself. Across the market, stocks for companies emphasizing travel skyrocketed. Stock for companies that center on staying home (FVRR, NFLX, AMZN, etc.) all sank 10% or more. BL: Don't worry about it. If you have the cash to make a buying opportunity out of it, have at it. Otherwise, no reason to get worked up.