Fiverr Is My Newest Pick

[Singuy]

Well this is a sad day, I am now losing money in FVRR, I never thought I would see this day.... I had bought very cheap, but bought more as the price went up, and now I feel the company may crash and burn with the way the market is... so sad.... But such as markets I guess... Gotta wait.... I hope this slide stops soon, I am now down more than I was earlier this year when the market slid, crazy times...

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.

[jeffmem]

Well this is a sad day, I am now losing money in FVRR, I never thought I would see this day.... I had bought very cheap, but bought more as the price went up, and now I feel the company may crash and burn with the way the market is... so sad.... But such as markets I guess... Gotta wait.... I hope this slide stops soon, I am now down more than I was earlier this year when the market slid, crazy times...

[CHH1023]

I sold some at 330 and bought back in around 150 with more shares, no negative news so I'm still a FVRR believer.

[james.hendrickson]

I am assuming you are asking me if I still like Fiverr? Yes, I see exponential revenue growth from this company and currently it's valued pretty fairly or actually the sell off is pretty exaggerated. It's P/S ratio is 17 with a yoy growth rate of over 50%. Compare it to SHOP which has a P/S of 46 with a growth of over 50%. Fiverr is definitely the better buy even though SHOP is the better stocks performer. Block out the noise and only look at the financials. Fiverr will surprise people as time goes on. More likely than not it'll close the year at 200 bucks.

I agree about avoiding the noise. In the long run, a stock's price should follow its earnings. In the short run, however, the relationship between earnings and share price isn't that clear.

For anyone reading this thread, I recommend reading "Common Stocks and Uncommon Profits", by Phillip A Fisher. Its an excellent read on the principles of growth investing.

[Singuy]

I am assuming you are asking me if I still like Fiverr? Yes, I see exponential revenue growth from this company and currently it's valued pretty fairly or actually the sell off is pretty exaggerated. It's P/S ratio is 17 with a yoy growth rate of over 50%. Compare it to SHOP which has a P/S of 46 with a growth of over 50%. Fiverr is definitely the better buy even though SHOP is the better stocks performer. Block out the noise and only look at the financials. Fiverr will surprise people as time goes on. More likely than not it'll close the year at 200 bucks.

[james.hendrickson]

Singuy - do you still life Fivvr?

[Singuy]

Anything is possible, the entire market has been down the last few days, I am down 5 figures just over the last 3-4 days... The whole market is down. But FVRR has been taken a real beating.

Fvrr is certainly not the worst when it comes to taking a beating from their ATHs since Feb. The entire market was going bonkers then and it's a positive that we have a cool off period before our next leg higher. Earnings was solid and that's all it matters.

Talking about whining about the stock..if the pain is now getting to you..then that just means we are near bottom.

[jeffmem]

Probably being sold off for tax harvesting purposes. I don't see any negative news related to the company that could be causing this rout, so it must be year end tax loss write-off sales.

Anything is possible, the entire market has been down the last few days, I am down 5 figures just over the last 3-4 days... The whole market is down. But FVRR has been taken a real beating.

[Scallywag]

Ugh, this year FVRR has been tanking bad, everytime it goes up it falls just that much more. I really hope this company can pull it off for the long term.

Probably being sold off for tax harvesting purposes. I don't see any negative news related to the company that could be causing this rout, so it must be year end tax loss write-off sales.

[LivingAlmostLarge]

I have mine across multiple accounts. I still think it's the wave of the future sans singuy. I just can't help but feel like contractor work and not working for companies are where it's moving to

[jeffmem]

Ugh, this year FVRR has been tanking bad, everytime it goes up it falls just that much more. I really hope this company can pull it off for the long term.

[Scallywag]

We own ours in a Roth IRA, so no tax loss harvesting here.

[james.hendrickson]

Never invest more than you're willing to lose.

Yes...and?

[rennigade]

Never invest more than you're willing to lose.

[disneysteve]

All similar sector stocks are talking like pintrest.

I said in the other thread that people are tax loss harvesting, and Fvrr is a loser this year after the March crash.

I only own it in an IRA so no tax harvesting for me.