Fiverr Is My Newest Pick

[amarowsky]

Maybe I’m a sucker but it’s only money. I picked up a few at $84.29.

we'll all go to the "unicorn looney bin" together. I sured up w/ another 30 shares @ $85

[kork13]

I've been buying lots of 5 shares at a time for a good while. Latest batch was at $90, and were it not for how busy I was today, I'd have put in another order for 5sh @ $85. (I wanted to when I briefly looked at my Google Finance widget, but got "distracted" by my work.) Next week perhaps.

[LivingAlmostLarge]

i'll buy a few more as well

[amarowsky]

She's up a Balmy 16% as of 10:36 est, currently sitting at $88.34.

The market price is flying up, down, and around like a fledgling tetherball serve...

[james.hendrickson]

For some context, here is the 5 year price chart for FVRR.

[james.hendrickson]

And here is what Schwab says the earnings and revenue will be:

In a nutshell, earnings will be way down for 2021, with revenue flat.

My take is this bad news for short term investors. Long term investors will want to look at the stability of management and effectiveness of their internal operations.

[LivingAlmostLarge]

I think long term this is the way the market is moving. I know many people making money from fvrr and i don't think it's going to end. They take 25% commission but people don't care because they are making more than ever. This is a new way to work. Whether you get it or not I think that people are going to start this sort of free lance lifestyle.

[amarowsky]

WHOOOOOO-WEEE!!! we all took a forum-wide whoopin on this one

[kork13]

Hakuna matata ....

Also depends on when you got in on it. I haven't looked in detail, but I think my initial purchases were around $55-$60 (yes, on up to $200). Others jumped in well before that, and are still up on those shares. But does the company remain a viable, promising platform? I think so. Who knows what will happen 5-10+ years from now, but I'm totally willing to wait and see.

Much the same could be said for Tesla, or many of the other tech companies that have flown high during the low-interest, high investment environment that they've enjoyed for the past decade or more.

[rennigade]

My favorite quote when it comes to investing..."pigs get fat, hogs get slaughtered."

[amarowsky]

I jumped on the $60 bandwagon for initial shares. But at one point (at least in my taxable) I sold all my cost basis and was playin w/ house money. Unfortunately I can't say the same about a bit in my retirement (thank goodness it was respectfully small stake) .

long hauling it w/ FVRR likely anyway. I liked the product when I used it for some logo stuff for business. But I'd be lying, if I haven't used all but that one time.

[disneysteve]

Is anybody buying at the current price? If you got in a bit later, as I did, it would be a good time to lower your average cost basis if you believe it's a good stock to hold long term. I'm considering it.

[james.hendrickson]

Lets call this thread the "loosing money with friends" thread. And...the three month price chart is pretty brutal.

[LivingAlmostLarge]

yes i've been buying on the way down

[disneysteve]

Lets call this thread the "loosing money with friends" thread.

They can't/won't all be winners. That's why diversification is important. Don't put all of your eggs in one basket, and all that sort of stuff. FVRR isn't the first stock I've lost money on and I'm sure it won't be the last.