Fiverr Is My Newest Pick

[LivingAlmostLarge]

I too have been buying on the way down. I last bought at $50. I bought a $50 before, $80, $100, $200, $180, $150, etc. I've lost so much money on EVERYTHING. it's not just FVRR. I will also say i just know a lot of people now making money on FVRR. So I'm still thinking it's going to be how we work.

[amarowsky]

A 25% drop driven by a decreased future-revenues outlook? Seems wildly overblown, especially given that the company's actual earnings were dramatically better than expected. I think what happened was a few bigger investors jumped ship, which led the institutional algorithms to dump it, which caused a negative cascade effect. I'm forecasting at least +10% tomorrow. It's just a super frothy stock.

as of now your 10% bounce today is holding true up to 10:30am. (showing up 9% so far!)

*indifferent if I want to buy more of this @ this seemingly lower-risk price. but likely would just toss into VTI and call it a day.

[kork13]

I can't decide. I don't necessarily want more but at this price, I think it's a pretty safe bet. Plus it would lower my overall cost basis on the shares I've already got.

A 25% drop driven by a decreased future-revenues outlook? Seems wildly overblown, especially given that the company's actual earnings were dramatically better than expected. I think what happened was a few bigger investors jumped ship, which led the institutional algorithms to dump it, which caused a negative cascade effect. I'm forecasting at least +10% tomorrow. It's just a super frothy stock.

[disneysteve]

I just had a buy order go through at $29.99/sh, but I'm sorely tempted to jump on another batch of shares.

I can't decide. I don't necessarily want more but at this price, I think it's a pretty safe bet. Plus it would lower my overall cost basis on the shares I've already got.

[kork13]

Hope everyone is loading up since it's down 25% today. $30 seems like a good deal.

I just had a buy order go through at $29.99/sh, but I'm sorely tempted to jump on another batch of shares.

I've had alot of other purchases go through today as well (4 more, so far). Wildly frothy market these last few weeks.

[rennigade]

Hope everyone is loading up since it's down 25% today. $30 seems like a good deal.

[kork13]

Same - its depressing watching a stock continually lose money like this. I gotta hand it to Singuy - he seems to have nerves of steel.

Perspective & patience are valuable in any form of down or turbulent market.

[james.hendrickson]

This is why I am an index investor. No way I could hold onto a stock that has lost 85%. I would buy high and sell low every time. Too emotional.

Same - its depressing watching a stock continually lose money like this. I gotta hand it to Singuy - he seems to have nerves of steel.

[corn18]

This is why I am an index investor. No way I could hold onto a stock that has lost 85%. I would buy high and sell low every time. Too emotional.

[kork13]

I'm not concerned, and actually had a limit order for 20 more shares trigger this morning. At some point, I'll probably offload some of the shares I bought at higher levels ($120-$200/sh) just for TLH... But otherwise, I'm confident that the company will continue to grow in popularity and use, eventually leading to a strong return of higher values.

[rennigade]

Google PE is 20, Walmart PE is 30! Why in the world would Walmart, a company that haven't grew earnings for like a decade be at a 10 PE higher than google which guided for additional growth going forward? So if this isn't the time to look for deals on growth stocks, I don't know what is.

Or you could argue the stock market just doesnt make sense. Its all a crapshoot and its not based on anything anymore.

[Singuy]

Also to add that the market sell off isn't due to some recognition of a tech bubble.

The Nasdaq PE was at 24 prior to the Covid crash, Nasdaq's current PE is sitting at 21 EVEN though we are 3000 points higher. Earnings have expanded for most of these tech companies over the last 2 years...not that we printed money so therefore asset ballooned up and now it's deflating. I argue that Nasdaq is 3 PE cheaper than prior to all this money printing.

For reference, Nasdaq's PE was 175-200 during the .com bubble. Tech stock is cheap right now, and it may get a little bit cheaper prior to the explosion upwards. I am fully expecting a lot of recovery as big tech like Amazon, Google, and Tesla are nearing their stock split dates 2H of this year.

To drive home how insanely cheap tech stocks are..we are at a tech stock/value stock PE inversion.

Google PE is 20, Walmart PE is 30! Why in the world would Walmart, a company that haven't grew earnings for like a decade be at a 10 PE higher than google which guided for additional growth going forward? So if this isn't the time to look for deals on growth stocks, I don't know what is.

[Singuy]

Singuy, you're not concerned about the lack of profitability?

Absolutely not, they are profitable if they stop spending money on growth....but it's a growth stock so why in the world would I wish for them to be profitable right now? Grow top line as fast as possible...with 83% gross margins, I am 100% sure the bottom line will be green eventually once growth companies are nearing the top of the S curve in client acquisition (see netflix and facebook earnings if you want to know what the top of the S curve looks like). We are no where near that...the entire world still haven't heard of Fiverr.

[Singuy]

Yeah, that is very concerning.... But it is also partially down with the market. But I think a lot of things will still be online after the virus, so... they are spending too much money, this is true.

They are spending too much money on advertisement which is exactly what they should spend money on. Every software company since inception spends their gross profits on advertisement to gain more marketshare and more clients. The key metric is to see how sticky their clients are, and if their advertisement dollars yield positive returns from customer acquisition.

[james.hendrickson]

Yawn, bought some at 74, some at 60ish..going to buy some more later.

Nasdaq and Russel is in a bear market..so naturally everything falls with it. Eventually everything recovers and then some. The worst question to ask during a bear market is "when do you think is your exit? when this is precisely the question that prevents people from getting wealthy. You guys should know that bear markets are VERY rare. It happens like once in a decade...and you know what everyone wish for 10 years into a bull market?...oh gee gosh I should have bought Netflix at 3 dollars or amazon at 3 dollars. Well now it's your chance but some of you guys are talking about exiting? LoL.

Anyways, over 25% negative into the QQQ and I still have 4.8 million dollars in my taxable account...you buy good companies and hold. When QQQ was at it's ATH, my account was at 7.5 million. Are we going back to ATH ever again?...Uh yes..it happens 100% of the time since stock market inception.

Singuy, you're not concerned about the lack of profitability?