Fiverr Is My Newest Pick

[disneysteve]

So what is this group's thoughts on continually holding FVRR or selling it, take the huge loss and move on, or wait to see what happens? Some stocks recover, but sometimes it takes much time, 5-10 years.

I own a few shares. I just haven’t gotten around to dumping them yet. They’re in an IRA so no tax benefit. I see no good reason to hold them. Maybe I’ll sell them today.

[jeffmem]

So what is this group's thoughts on continually holding FVRR or selling it, take the huge loss and move on, or wait to see what happens? Some stocks recover, but sometimes it takes much time, 5-10 years.

[LivingAlmostLarge]

youll never get rich thinking like that. but maybe you dont want to be.

Definitely. I think you get rich by taking risks but the stock market isn't the only place. We've done it professional and it's been surprisingly good for us. But the risk has been great each time with potentially greater rewards. But not everyone can do it. Or stomach it

[FrostedMoose]

dont play with money you can't afford to lose

youll never get rich thinking like that. but maybe you dont want to be.

[LivingAlmostLarge]

dont play with money you can't afford to lose

[srblanco7]

Looks like FVRR was valued at $318/share in Feb 2021 and is currently sitting around $30/share. 90% loss in market cap. And it appears their EBITDA is still "in the red".

Not intending to pour salt - but this is perhaps a solid reminder (for me) of the risks of investing in individual stocks.

[jeffmem]

Haven't heard much from Singuy, hope he is enjoying retirement. I am concerned about FIVRR, it hasn't moved much since Covid. I bought some on the way up, but still about 25k out. Did not buy much on the way up but my cost average is about $117, it makes me wonder if it will ever get back to that again.

AMD took off, but now I am starting to wonder how much time is left before it comes down. I have not really been checking stocks very much the last few years, I just let it sit, today I logged on to check things, I see AMD high was at 181, and now it is 168, trend is downwards now, but perhaps that is the whole market. Too much greed recently.

TSLA, I have, but I won't buy more, my perspective on EVs is that I think we may start seeing a downtrend in ownership because the charging networks are not in place as much as they should be. I also think components are starting to get a little harder to come by. I think EVs might do better 5-10 years from now, though with that said I am not selling one share of TSLA even though it is probably seriously overpriced.

I am 11k down on my whole portfolio after an entire account sell off in 2020 and repurchasing different companies during the pandemic. Some of them went down with the market and some never recovered like CHEWY. But some have exceeded my expectations and are driving a balanced portfolio. I need to shift again, AI changed things and could be one factor in some stocks not returning, though I am still hopeful as some companies need over the 18 month cycle to recover. The US opened its doors earlier than other countries so I expect inflation to fall or actually I think that already started.

[LivingAlmostLarge]

I actually have been on the using end of fvrr for a few things and i have to say i like it.

[parafly]

So is this company dead in the water or just severely undervalued? Will AI render it useless like the market seems to be suggesting?

I have picked up more shares in the 20's to bring down my average. Hopefully this is just another case of a beaten down stock that the market doesn't understand.

[rennigade]

Fvrr...to the moon!

[amarowsky]

Anyone worried about the usefulness of FVRR w/ the advent of recent A.I. software that is ubiquitously available for very low cost? It seems like a lot of the FVRR level tasks I was scoping out (using it for artwork for marketing/logo's) is obsolete for my use case.

I imagine at least some people were using it for some writing, website programming, and similar tasks. The lion's share of calories, of which can now be completed by several different affordable programs.

Go figure..... right after I type out this thought I'm having live. I start searching FVRR, Chat GPT , and start seeing videos @ how FVRR contractors can "use chat GPT / Open AI SW - to maximize earnings". I guess I didn't consider, they would use this as a tool to those who don't understand how powerful it is. (convenience factor is soo strong sometimes...)

[amarowsky]

Anyone worried about the usefulness of FVRR w/ the advent of recent A.I. software that is ubiquitously available for very low cost? It seems like a lot of the FVRR level tasks I was scoping out (using it for artwork for marketing/logo's) is obsolete for my use case.

I imagine at least some people were using it for some writing, website programming, and similar tasks. The lion's share of calories, of which can now be completed by several different affordable programs.

Wondering if some of the key foundation uses for FVRR just received a significant stress crack....

Reporting today, they did just have something go correct for them, as they're up 18% on the day @ $44.70 when writing this. (Overall I'm very much in the Hole on FVRR, bought both at the best and worst times, $30 and $300)

[LivingAlmostLarge]

Not really the model 3 where i am is about $50k

[Singuy]

Well, EVs being more expensive than gas cars is becoming the thing of the past now with the new introduction of the tax credit. A new Model 3 SR+ is like 36k after tax credit and in some states under 30k with additional tax credits. I have seen Bolts for sale for under 20k after tax credits.

[LivingAlmostLarge]

I was looking into an EV but it would also cost to upgrade our panel. Also I'm not sure tesla will win self driving so for now we're just waiting to see who wins.