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Fiverr Is My Newest Pick

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    LOL Singuy, no kidding right. lol. Sad to see it drop so much in just a few days though because of all the negative news, but... it gave me another buying opportunity as I can see how much it can climb, and it did climb awefully fast. I now have 195 shares, but my average price is 108, but... that extra 15 shares will be a nice profit someday years later. I might buy a bit more too, but it is starting to get up there and a huge portion of my portfolio, so I gotta lay off.

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      The market is a little wonky from all the wall street bet fiasco. But nice to know the stock didn't breach the 50 days moving average which means trend is still bullish.

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        Meanwhile, despite the WSB nonsense, FVRR has recovered a bit. It's around $220 currently.
        Steve

        * Despite the high cost of living, it remains very popular.
        * Why should I pay for my daughter's education when she already knows everything?
        * There are no shortcuts to anywhere worth going.

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          And less than a week later it is nearly all time highs again. lol. I am curious when and if you guys think FVRR will split, or give dividends? I am guessing there will be no dividends and it is probably better they don't. But I wondering at what point this company may feel it is time to split?

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            Originally posted by jeffmem View Post
            And less than a week later it is nearly all time highs again. lol. I am curious when and if you guys think FVRR will split, or give dividends? I am guessing there will be no dividends and it is probably better they don't. But I wondering at what point this company may feel it is time to split?
            Yes they’ve recovered nicely. I’m glad I took a chance and bought more on the dip ($218).

            As for splitting, as long as the shares are actively trading, there’s no need or benefit. Stocks split when liquidity becomes an issue.
            Steve

            * Despite the high cost of living, it remains very popular.
            * Why should I pay for my daughter's education when she already knows everything?
            * There are no shortcuts to anywhere worth going.

            Comment


              Every hyper growth stock needs to visit the 50 days moving average a few times a year. It's the right of passage. This is the way.

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                Originally posted by Singuy View Post
                Every hyper growth stock needs to visit the 50 days moving average a few times a year. It's the right of passage. This is the way.
                It looks like like FVRR has done that multiple times, so this is good to know. Each time it has dropped I have bought more. around 112, around 136 around 220. I now have 195 shares with an avg cost of 108. The problem now is that this one stock accounts for 19% of my total portfolio at current value. I think I cannot buy anymore.

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                  Lol apparently fiverr's Superbowl commercial won the internet. Now my investment movie is complete. 4 completely different companies (movie plot) at the end intertwine with each other.

                  Tesla uses Shopify as their website platform. The newest model S/X uses Amd hardware for gaming. Fiverr used a mini cybertruck to win the super bowl.

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                    $300 today. I can’t believe it’s up $82/share in just 16 days since I bought more on that last dip.
                    Steve

                    * Despite the high cost of living, it remains very popular.
                    * Why should I pay for my daughter's education when she already knows everything?
                    * There are no shortcuts to anywhere worth going.

                    Comment


                      Originally posted by disneysteve View Post
                      $300 today. I can’t believe it’s up $82/share in just 16 days since I bought more on that last dip.
                      Do you think it'll reach to $400 this year?

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                        Originally posted by CHH1023 View Post

                        Do you think it'll reach to $400 this year?
                        Considering it briefly dipped below $200 less than 3 weeks ago and it's now $300, who knows?
                        Steve

                        * Despite the high cost of living, it remains very popular.
                        * Why should I pay for my daughter's education when she already knows everything?
                        * There are no shortcuts to anywhere worth going.

                        Comment


                          Originally posted by disneysteve View Post

                          Considering it briefly dipped below $200 less than 3 weeks ago and it's now $300, who knows?
                          I think there will always be a need for freelance work, unless we somehow created a lot of full time well paying jobs.

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                            I think that with it's performance thus far, their revenue and the fact that this virus is not going anywhere anytime soon, I think $400 this year is VERY possible if not higher than that.

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                              Yesterday Fiverr added a subscription service. Today they announced their acquisition of Working/Not Working.

                              Working Not Working was founded in 2011 by Justin Gignac and Adam Tompkins. The site was initially created to help their friends and connections in the creative industry find jobs and new opportunities. After over a decade working in advertising, they both spent time navigating the uncertainties of freelancing, and from there, Working Not Working was born. Today, the platform connects tens of thousands of full-time creatives and freelancers with top brands and agencies through a subscription model.

                              Looks like Fiverr is pushing full steam ahead to be the leader in online freelancing. Hopefully it will have the marketcap of the giants one day such as Etsy, Wayfair, Ebay, Match Group and Pintrest. That means another 4-7x from here.

                              Comment


                                I was reading about the Working Not Working acquisition earlier. I've never heard of them but it definitely sounds like a good fit.
                                Steve

                                * Despite the high cost of living, it remains very popular.
                                * Why should I pay for my daughter's education when she already knows everything?
                                * There are no shortcuts to anywhere worth going.

                                Comment

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