Too late to invest or has the potential to take off? The company seems to be doing well
Buy buy buy
I bought at 40 and sold at 105 after the fall from 120 then recover due to the whole citron thing. Imo there's a lot of expectation priced in and I have some serious doubts about if the company will meet them. They've never released new user retention rates despite the street asking many times, which suggests to me they're probably not good. Look at their ER and you can see almost equal growth in marketing costs and revenue growth. Company still isn't profitable and spends insane amounts of money on marketing rather than building a better product. When they can't get new users anymore (lot of speculation a lot of new users stop using the platform after 6 months) they could be in a lot of trouble. Positive news would be if they report good retention numbers or keep working on shopify plus and get more big name customers
Thanks for the details buddy. Appreciate it.
now it's almost 400....
1k
I had the stock. Bought it at 120 and sold it at 112.5
Why did you sell.it at a loss? Long term is thought process right?
Invested in tqqq