Fiverr Is My Newest Pick

[Singuy]

Well, FVRR might test the 50 day MA @ 139. Won't that be fun?

If that was fvrrs 50 days moving average..

200 days moving average is worst case and that number is 155.

[corn18]

Well, FVRR might test the 50 day MA @ 139. Won't that be fun?

[jeffmem]

As predicted, the QQQ hit support of 297 and bounced right off it finishing off the C wave of the ABC correction. There will be additional rallies coming, HOWEVER we are not out of the woods. Once QQQ test the resistance trendline of 319, fail, re test, and fail again, then we are in another massive sell off. So never say never about Fiverr stock price..lol.

Ugh, not something I want to hear. haha. If another massive sell off, it seems might be worse than March 2020s sell off. I am already down more than 75k from high, it is quite horrible. I think I am still 30% up for the year, but if there is another sell off, it could hit 0 or under 0 for the year then. So basically we need to wait until 319. I was going to buy some QQQ, but maybe will wait. haha. As for Fiverr's stock price, yep, guess still need to hold some cash for lower numbers just in case. I hope it never gets back here, but... we shall see.

[Singuy]

As predicted, the QQQ hit support of 297 and bounced right off it finishing off the C wave of the ABC correction. There will be additional rallies coming, HOWEVER we are not out of the woods. Once QQQ test the resistance trendline of 319, fail, re test, and fail again, then we are in another massive sell off. So never say never about Fiverr stock price..lol.

[jeffmem]

I have bought more between 198 and 250 over the last week. But my average price is getting higher. haha, but that's fine. I now have 223 shares. My guess is we will never see this at this price ever again. It went up to 218 by close.

[kork13]

Wow, I never thought Fivver would slip under $200 a share again, but the market is just nuts....

I think I'll put in some new orders to pick up a few more shares & catch some of these dips. Nothing alot, but may as well try to bump up my holdings a bit when the shares go on sale.

[disneysteve]

Wow, I never thought Fivver would slip under $200 a share again, but the market is just nuts....

I didn't catch the bottom but I picked up some more at $206. That's actually less than I paid for the last lot I got which was at $218. And the current price is still well above my average cost basis. We'll see what happens.

[jeffmem]

Wow, I never thought Fivver would slip under $200 a share again, but the market is just nuts....

[JBinKC]

Nothing about the market makes much sense to me right now. It wasn't that long ago that the US 10 yr was @ 3% and the market seemed happy then. Why does 1.5% scare everyone so much?

While the 10 year has done the initial damage, much of the recent damage is attributable to the recent lack of liquidity in the repo market related to the failure of extending the banking SLR exemption. Powell could easily fix this issue by extending it but has not. Nevertheless I have sold my half of my positions in growth stocks a few days ago as a precaution.

[corn18]

We are most likely reaching the last phase of the ABC correction, so I do expect recovery next week.

This entire selling is completely BS but it's most likely due to tech running way too hot. Bond yields are going back to post Covid levels because...fear is dissipating due to post Covid soon (duh?). Perhaps the dumbest reason for a correction and yet here we are. If the fed were to raise rates aggressively then that's one thing, but Powell doubled down on not raising rates for at least a few years until a bunch of metrics have been met. I find this completely hilarious that we are now FEAR that people will have too much money and buy too many things post Covid? LoL. So we dropped like a rock during Covid on fear that people wouldn't buy anything, now we drop like a rock because people will be buying too much? Since when is buying too much bad for businesses?

There's a huge short interest on Bonds causing the sell off(which raise rates). This could be a way for these short sellers to make good money off sectors that perform poorly when yields go up. Shorts have been trying to short tech for a long time and have gotten nothing but bloody hands, so I see how this is a smart way to getting the entire sector to take a dump. Good job on them, but all of this is over blown.

Nothing about the market makes much sense to me right now. It wasn't that long ago that the US 10 yr was @ 3% and the market seemed happy then. Why does 1.5% scare everyone so much?

[Singuy]

We are most likely reaching the last phase of the ABC correction, so I do expect recovery next week.

This entire selling is completely BS but it's most likely due to tech running way too hot. Bond yields are going back to post Covid levels because...fear is dissipating due to post Covid soon (duh?). Perhaps the dumbest reason for a correction and yet here we are. If the fed were to raise rates aggressively then that's one thing, but Powell doubled down on not raising rates for at least a few years until a bunch of metrics have been met. I find this completely hilarious that we are now FEAR that people will have too much money and buy too many things post Covid? LoL. So we dropped like a rock during Covid on fear that people wouldn't buy anything, now we drop like a rock because people will be buying too much? Since when is buying too much bad for businesses?

There's a huge short interest on Bonds causing the sell off(which raise rates). This could be a way for these short sellers to make good money off sectors that perform poorly when yields go up. Shorts have been trying to short tech for a long time and have gotten nothing but bloody hands, so I see how this is a smart way to getting the entire sector to take a dump. Good job on them, but all of this is over blown.

[LivingAlmostLarge]

They cancelled the offer, so what is happening now is not because of share dilution.

I saw that after i posted I Wonder what will happen

[corn18]

How much of a drop after a share dilution is normal? I think I want to buy a bit more

They cancelled the offer, so what is happening now is not because of share dilution.

[LivingAlmostLarge]

How much of a drop after a share dilution is normal? I think I want to buy a bit more

[jeffmem]

Ugh, my AMD is back down to my original buy price. Certainly did not think AMD was over bought, or perhaps it is just down with the market overall.

I am now up to 211 shares of FIVVER. It pails in comparison to Singuy's, but still. haha.

And yes, I agree with you, if you hold through these downward cycles generally it will go up 5x, I would expect Fivver to hit 350-400 and be stable around that price now by the end of the year. I hope I am not expecting too much, but with the way things are going, it certainly seems possible. Fivver has had much more than a 10% haircut, the entire market just got a 20% haircut. I think I am down close to 60k during these last few weeks. Though still up for the year. But if the sell off continues, I will start going red on many other companies, sad, but a fact of a life.