Originally posted by jeffmem
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Fiverr Is My Newest Pick
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I am still holding it. But with AI taking over a lot of these jobs, I might end up losing all of it. But if Fivver can actually utilize AI into their business model somehow maybe the stock could recover? I don't know. It's been years now, but the loss is too great.
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Through a series of trades I was up about $800 (lucky for me this was on FVRR's way up) --then exited my position around Feb 2021. I decided to take the proceeds from FVRR and invest in MSFT (which at the time was trading for about the same price per share).
I continue to watch FVRR. I have other pet projects which have not performed as well as I would like. They represent a small part of the portfolio and it continues to reinforce the lesson of investing in the index.
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Originally posted by EasyMoney00 View PostHow'd you all do on fvrr? Still holding strong?
Did you guys use this as a learning experience on buying a single stock based off someone's review?
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Originally posted by EasyMoney00 View PostHow'd you all do on fvrr? Still holding strong?
Did you guys use this as a learning experience on buying a single stock based off someone's review?
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How'd you all do on fvrr? Still holding strong?
Did you guys use this as a learning experience on buying a single stock based off someone's review?
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Originally posted by Like2Plan View Post
I was wondering why they would no longer follow the stock? Is there a valuation threshold where they drop it or something else? There is an earnings report coming out in May. There is usually some volatility when they announce the earnings (could be good, could be bad).
They may have just decided it wasn’t worth covering anymore.
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Originally posted by disneysteve View Post
I think that just means that their analysts are no longer following the stock.).
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Originally posted by Like2Plan View PostI have continued to monitor FVRR and I noticed this on Fidelity:
"Trading Central drops coverage for Fiverr International.
Investars Analyst Actions - public
3:15 AM ET Apr-14-2024
On April 14, 2024 Trading Central dropped coverage for Fiverr International (FVRR.NaE)."
I'm not sure what that means. (I tried googling it-- the "google machine" didn't really answer my question.)
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I have continued to monitor FVRR and I noticed this on Fidelity:
"Trading Central drops coverage for Fiverr International.
Investars Analyst Actions - public
3:15 AM ET Apr-14-2024
On April 14, 2024 Trading Central dropped coverage for Fiverr International (FVRR.NaE)."
I'm not sure what that means. (I tried googling it-- the "google machine" didn't really answer my question.)
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Originally posted by kork13 View PostI've (very) slowly been winding down my position with FVRR over the last year or so. I'll admit that some of my purchases were a mistake... ~25% are in the range of $30-$40/sh, 30% at $60-$62/sh -- I'm still totally fine with all of those shares. The rest are ..... above that. I have some shares that were purchased halfway up to orbit, topping out around $200/sh, though only in very small lots by then (2-3 shares).
Of course all of it is negative right now. It was COVID times, and I was playing around.Live & learn .... Gratefully, it was "only" about $10k total, so the crushing losses aren't the end of the world (albeit a definite sting to the wallet & blow to the ego). But I'm in the process of trimming down other assets in my brokerage to clean things out, and all of those have gone up significantly. So as the winners sell, I cull the biggest losers to harvest my losses & balance out the gains.
Will FVRR recover? I do hope so. I expect that I'll probably hang on to my lower-cost shares (at/below $60/sh) for the longer term, and see what happens. Maybe they become popular & successful ... maybe they get bought by a bigger, stronger fish ... or maybe it stays flat & I continue to harvest losses from it over the next few years.
I have to say that I am very disappointed in myself. I have 278 shares of fiverr and 189 of them were bought over $100. Some of which were over $200 a share. those over 100 a share were mostly bought 1 by 1 or in small quantities, though I do have a lot of 60 shares around $100 that I bought all at once. I am fine, sort of, with any shares under $100. But the loss is quite big. I am sitting at -$26,000 on this one stock alone. I have not sold any of them yet, but I think the reality and shame has set in that I have to start selling the upper shares and get whatever I can to reinvest. But I am not selling anything right now, so I guess I still need to wait. Otherwise it won' be tax beneficial to sell right now. tough break for me. that money is really a huge loss. But I am hopeful that at least maybe one day they can get back to 100.. but. I am not holding my breath...Last edited by jeffmem; 02-28-2024, 05:51 AM.
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I've (very) slowly been winding down my position with FVRR over the last year or so. I'll admit that some of my purchases were a mistake... ~25% are in the range of $30-$40/sh, 30% at $60-$62/sh -- I'm still totally fine with all of those shares. The rest are ..... above that. I have some shares that were purchased halfway up to orbit, topping out around $200/sh, though only in very small lots by then (2-3 shares).
Of course all of it is negative right now. It was COVID times, and I was playing around.Live & learn .... Gratefully, it was "only" about $10k total, so the crushing losses aren't the end of the world (albeit a definite sting to the wallet & blow to the ego). But I'm in the process of trimming down other assets in my brokerage to clean things out, and all of those have gone up significantly. So as the winners sell, I cull the biggest losers to harvest my losses & balance out the gains.
Will FVRR recover? I do hope so. I expect that I'll probably hang on to my lower-cost shares (at/below $60/sh) for the longer term, and see what happens. Maybe they become popular & successful ... maybe they get bought by a bigger, stronger fish ... or maybe it stays flat & I continue to harvest losses from it over the next few years.
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I sold the ones in my taxable account a few years ago and I held the ones in our Roth IRA. Who knows? I think there is a lot of potential there since AI can be used to help contract workers, but no one knows. Who knows also who will win the AI wars.
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Originally posted by disneysteve View Post
Don’t take my actions as stock advice. I’m almost 60 and about to retire. I’m looking to simplify my holdings a bit and also focus a little more on income.
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