Fiverr Is My Newest Pick

[Singuy]

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.

[jeffmem]

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.

[james.hendrickson]

Its trading at 47 dollars - here is the price chart (via Yahoo). That's way, way off the high.

The red flag is the negative earnings number.

Also the price of 47 its still trading at 7 times its book value. That means, in my mind, you're paying seven times the value of the companies tangible assets...and that's for a company that's losing money.

[jeffmem]

At this point there is no sense of selling, I have lost all of my profit and now quite deeply in the hole. It is very hard to see the number. But the entire market is down, so... I am 25% in the hole overall for my portfolio also, with very few stocks still in the green. It is sad to see this, but I have almost no case to buy in more now, so it is a waiting game and I suspect this could last for some years. War, virus, China, food crisis, water shortages, it's not looking good, but... like I said, for long term, not much can do at this point...

[corn18]

Down 82% from the all time high. Ya'll still holding out?

[jeffmem]

I have been buying 1s and 2s on the way down, Lowest I think around $58 a share, but I gotta admit I am a little nervous about the future. I know they will be good, but looking at that loss right now as I had bought on the way up also scares me..

[LivingAlmostLarge]

I agree that i think it's a long term outlook for this company. I told haven't sold and have kept buying on the way down. I just think it's a new way of working and even without singuy thought that contract work is the future. I am glad he pointed me out but I really think it's going to go back up.

[Singuy]

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

Over 300 mil of revenue growing at 30% yoy with gross profit at 80+%. At 2.5 billion dollar valuation this stock is a good opportunity. I haven't sold one penny of this stock even though I saw my portfolio went from 150k to 750k and now back down.

It's all about the long term outlook and I still see great upside.

My first post about this warned investors there will be brutal time periods and it doesn't matter. What matters is the company and its doing very well.

Notice pretty much every earning this company skyrockets because it always beat expectations. Macro will do macro things.

[riverwed070707]

Very true, and a great reminder. Paper losses only at this point for me at least. Our portfolio overall is down nearly 200K YTD. Only a tiny piece of that decline is attributable to our FVRR holdings.

What percentage of your portfolio does that represent? My returns in dollars was a little nauseating to look at but as a percentage its much less intimidating. Down about 16% YTD

[disneysteve]

James/Steve,
We say it alot, but always good to remember: I've not lost a cent on my FVRR or any other stocks that have been pummeled lately -- I haven't sold a thing.

Very true, and a great reminder. Paper losses only at this point for me at least. Our portfolio overall is down nearly 200K YTD. Only a tiny piece of that decline is attributable to our FVRR holdings.

[kork13]

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.

I had an old limit order in for $60, which executed yesterday. As with LAL, I've bought shares at various levels on it's way down.

James/Steve,
We say it alot, but always good to remember: I've not lost a cent on my FVRR or any other stocks that have been pummeled lately -- I haven't sold a thing.

[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.

[LivingAlmostLarge]

yes i've been buying on the way down

[james.hendrickson]

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

[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.