Fiverr Is My Newest Pick

[Singuy]

Looks like the stock is tanking today. Any reason? I’m at work and not following the news.

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.

[james.hendrickson]

Looks like the stock is tanking today. Any reason? I’m at work and not following the news.

S&P, Dow, NASDAQ, and Russell 2000 are all up this morning, per yahoo news.

[disneysteve]

Looks like the stock is tanking today. Any reason? I’m at work and not following the news.

[Scallywag]

Picked up a very small number of shares. I had bought & sold previously, and so this is a reentry. This time I intend to stay.

[LivingAlmostLarge]

Earnings was a knockout, increased guidance. Enjoy them gains!

It is crazy. I think we are moving to a contractor style workforce and people aren't looking for "full time" employment as much. They want flexibility. There is more than just a "Job" it's a lifestyle and maybe living where they want to live. Fvrr and other companies are what I see as for the future or self employment through contract companies. I think people are looking at work as work, not as their identity.

I bought a ton of it last year and more this year on the dips. NOT because of singuy but really because i see this the future way of employment. I think normal employment and how we view full time employment and work is going to undergo a big change.

[Singuy]

Sasha sees a 4x in the stock using his model using current revenue cohorts

[kork13]

Earnings was a knockout, increased guidance. Enjoy them gains!

Yeah, no kidding. That earnings report was a jaw dropper.

My holding is small beans, but I was happy to pick up another 8 extra shares as it dropped last week, between $160-170/sh (avg: $163.75/sh).

[Singuy]

Earnings was a knockout, increased guidance. Enjoy them gains!

[LivingAlmostLarge]

It's not that they don't care. It's that thanks to the Affordable Care Act, it's no longer a necessity. Now it's easy to get reasonably priced coverage that isn't tied to your employer. So you can do put together work on Fiverr, PalFish, Uber, and others to have a nice income and super flexible schedule.

That's true. It's also true though that companies are hiring more part-time so they do not need to pay benefits. So the employers don't care and the workers don't necessarily look for it.

[disneysteve]

Many millenials i met don't care about a job with "benefits".

It's not that they don't care. It's that thanks to the Affordable Care Act, it's no longer a necessity. Now it's easy to get reasonably priced coverage that isn't tied to your employer. So you can do put together work on Fiverr, PalFish, Uber, and others to have a nice income and super flexible schedule.

[LivingAlmostLarge]

Singuy has created a pool of FIVRR believers on this forum...LOL.

No. I was looking specifically a company that did contract work. I've thought it for a long time that's where the US is moving towards to compete with cheaper labor costs. I also think that it will cause the aca to become a bigger thing because I think that companies will try and shed the cost of insuring employees. I mean companies already shed pensions, they only give a match for a 401k. So why wouldn't it make sense to be able to not provide benefits AND hire people less than 40 hours if needed because the employee wants it and the employer can be more economical? I think it's the just way work is moving.

Look at all those delivery jobs or uber? People take it for a variety of reasons and some of which is flexibility and not wanting to work much. Some of the millenial mindset is that life is more important than work. Many millenials i met don't care about a job with "benefits".

[Scallywag]

Any opinions on NVDA?

[LivingAlmostLarge]

considering picking up more. I just think long term companies will stop hiring FTE and move to contractors to save money.

[Singuy]

Bought some more FVRR this morning. It seems extremely undervalued to me at these levels.

Currently it sees weakness due to upwork's earnings report. So not important in the grand scheme of things.

[parafly]

Bought some more FVRR this morning. It seems extremely undervalued to me at these levels.