Shopify, this isn't going to end well
This weekly candle might be the most ridiculous thing I've ever seen. I don't need to provide any commentary, but I will :)
People are always looking to find the canary in the coal mine when it's about to hit the fan. I thought it was the ultimate meme stock TSLA, but it could just as easily be this stupidity.
I certainly don't profess to know how high this will run, but the fall is going to be something to see. No position yet, that will be changing in the near future, possibly by 9:45a on Monday.
- Market cap of 54B & revenue of 500M (that makes sense)
- Net income == rounding error
- Horribly opaque about drop shippers, users, and platform data
- Trading at a forward P/E of 3,300
- No real debt on the books, a positive, but the only one I can see
People are always looking to find the canary in the coal mine when it's about to hit the fan. I thought it was the ultimate meme stock TSLA, but it could just as easily be this stupidity.
I certainly don't profess to know how high this will run, but the fall is going to be something to see. No position yet, that will be changing in the near future, possibly by 9:45a on Monday.
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