Fiverr Is My Newest Pick

[jeffmem]

Well today I am now down 33% on FVVR, I want but also hesitant to buy more. Would love to bring down my costs from the stupidity I had buying some of it over 200. And when it gets over 200 again to sell out the higher priced shares. lol.... I'm just wondering where the heck is the bottom? It's been going down since like November...

[amarowsky]

what a fascinating Ride to watch! (both the stock, and the hold/sell/buy actions being described in here)

[Scallywag]

Is FVRR part of VOO?

We've sold all our holdings except for passive index funds and TSLA.

[kork13]

I'm not overly concerned, and actually just put in an order to pick up more shares this morning. Long term, they still seem to be in a great position of growth, so I'm happy to pick up the shares on sale.

[CHH1023]

FVRR lost 71% value since ATH

[LivingAlmostLarge]

Holding strong. Nothing in the fundamentals has changed, and I still see strong growth in the coming years.

This I also bought more. I just think this is it long term. I think the writing is on the wall for people to have these types of jobs and cobbling together work than full time permenant employment.

[Singuy]

Bought some at 120 and 110 myself. Rocky road ahead? Maybe..but who cares..

[parafly]

So that clearly wasn’t the bottom as it’s now dipped under $100. What are everyone’s thoughts? I’m sure many are sitting at a loss now.

Holding strong. Nothing in the fundamentals has changed, and I still see strong growth in the coming years.

[disneysteve]

I bought more FVRR at 128 and 120 last week. Hopefully, we've seen the bottom.

So that clearly wasn’t the bottom as it’s now dipped under $100. What are everyone’s thoughts? I’m sure many are sitting at a loss now.

[parafly]

I bought more FVRR at 128 and 120 last week. Hopefully, we've seen the bottom.

[LivingAlmostLarge]

The day someone thinks fvrr is going down to zero is the day it goes up 10%. First few dips you think it's a misunderstanding by the market and it'll recover. The last few dips make you think maybe you had the misunderstanding and should just cover your losses.

This is why having full understanding of the company makes you rich, not having that understanding will leave you in the dust.

I don't get fvrr entirely, but EVERYONE i talk to keeps telling just use fiverr. Just get your website up and running. Hire a contractor for a website design. Or anything else. EVERYONE just throws it out like that's the new thing. I think long term a lot of people will be doing that small contract work through it. growth will be exponential. And covid just accelerated it.

[jeffmem]

The day someone thinks fvrr is going down to zero is the day it goes up 10%. First few dips you think it's a misunderstanding by the market and it'll recover. The last few dips make you think maybe you had the misunderstanding and should just cover your losses.

This is why having full understanding of the company makes you rich, not having that understanding will leave you in the dust.

And that day is potentially today. lol It's flying back today.

[Singuy]

The day someone thinks fvrr is going down to zero is the day it goes up 10%. First few dips you think it's a misunderstanding by the market and it'll recover. The last few dips make you think maybe you had the misunderstanding and should just cover your losses.

This is why having full understanding of the company makes you rich, not having that understanding will leave you in the dust.

[Singuy]

Oh I mostly agree with that, the stock has also been recommended by some a couple of services I use. I believe FVVR is falling with the market which is also quite terrible recently. I am down more than I was earlier this year with the correction, I hope this one is not worse.

As for buying stock as the price goes up, I should clarify something, I was buying on dips as the price was going up. Do you count that as the same thing? I thought this was a fundamental insight into buying stock that if the stock performance is good, buy more on the dip? No? Now, only buy at the beginning and leave it? In that case I would have only had about 50 shares that I had bought under 100, now I have more than 230, but 80 of the shares I bought were over $136/sh. Probably 40 of those over 200.

I believe the pandemic definitely pushed a bit of growth forward so the valuation in which tripled from 1 billion dollars marketcap is justified. It became pretty lofty at 200->300. I even warned people that just because it dropped from 330 down to 250 doesn't mean it can't go lower. And I even said there's a good chance it can hit under 200.

I didn't sell or buy after the last buy in awhile back in the low 100s. I can't predict the future but massive bubble popping corrections was always a possibility and I believe now that it's almost over, it's good and healthy for the market.

[jeffmem]

Objectively, there's nothing in the company's guidance and balance sheet that will result in a crash and burn scenario. The stock price fluctuations have nothing to do with the business' performance unless there are active material information that changes the direction of the company dramatically.

Looking at charts we are at bottom and will most likely rally from either now or next week but anything can happen.
So this is a good buying opportunity for those who want in. Buying as the stock goes up is exactly what you SHOULDNT so hopefully this is a lesson learned for you...except it's a hard lesson to learn so you'll probably get burned a few more times as that's how just human psychology works. Took me years to kick the habit.

Oh I mostly agree with that, the stock has also been recommended by some a couple of services I use. I believe FVVR is falling with the market which is also quite terrible recently. I am down more than I was earlier this year with the correction, I hope this one is not worse.

As for buying stock as the price goes up, I should clarify something, I was buying on dips as the price was going up. Do you count that as the same thing? I thought this was a fundamental insight into buying stock that if the stock performance is good, buy more on the dip? No? Now, only buy at the beginning and leave it? In that case I would have only had about 50 shares that I had bought under 100, now I have more than 230, but 80 of the shares I bought were over $136/sh. Probably 40 of those over 200.