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Shopify Inc. (SHOP)

NYSE - NYSE Delayed Price. Currency in USD
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1,500.53-7.91 (-0.52%)
At close: 4:00PM EDT
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  • M
    Mucho
    Closing 1500 on the nose! SHOP continues to amaze! Ready for our next wave up into the 2000’s as Canada’s finest continues it climb. Go Habs! 😎
    Bullish
  • K
    Kenneth
    Something is going on as Tobi the CEO was ask if Google tried or is trying to acquire Shopify? Will let everyone know when I find out more details.
    Bullish
  • M
    Mayling
    Dear TeamSHOP Scouts. Trying to keep it simple for you:
    4 yrs ago: Original investment 1 share = $100 Daily gain 1% = $1 (sounds dull. it is.)
    2 yrs ago: Same $100 share = $300 Daily 1% gains = $3 (still sounds dull, but the portfolio likes it)
    1 yr ago: Same $100 share = $1000 Daily 1% gain = $10 (same 1%, but 10% of original investment price)
    The Present: Same $100 share = $1508/share 1.91% gains = $28.21 Amazing roi

    If you're still reading, SHOP is my runaway best, a brilliant star. The one that lights up my whole portfolio. Made it possible for me to be patient with every newer investments (and their inevitable sideways trading cycle that begins at some point after I enter the position). Most of my underperformers turn around while I'm not breathing down their necks.

    I got a little more than I bargained for, when I came to these boards! A disproportionate number of impatient people, relative to the number of patient investors who don't bother coming here. I think I hold the remnants of the Brk-b 50:1 2010 stock split, through inheritance (an amazing gift). lol, but no original amzn , so I picked Shopify. It seemed like my best bet. I blew the bulk of my trading budget on SHARES. Best trade-off ever. It saved me from my own click-itchy thumbs. Patience. Another wonderful day, again, buried at the very bottom of my Top 10. Go SHOP!
  • K
    Kenneth
    Shopify is still very high in terms of institutional ownership today at 75.74%. Your not going to find many stocks that rank this high in terms of institutional ownership. I decided that I would look at several of the large corporations to see if anyone was even near the institutional ownership that Shopify was. I checked companies like JNJ, PG, APPL, MSFT, and others. No one was even close. The closest was MSFT at 72%. The next was at 68%. This clearly shows the confidence by institutions in Shopify and what management is doing.
    Bullish
  • M
    Mayling
    I love how Shopify leads from behind. Once again, their gains are buried in the pack, and they are hiding out in the middle of my portfolio.

    The institutions have to rebalance their portfolios, and of course they will be releasing their surplus SHOP shares into the market.

    I'll bet they do it in dribs and drabs, just like they began their accumulation phase. I have no worries. They have to do these trims, but because they maintain large holdings, they won't be "dumping" them into the markets, because they still have considerable interests.

    But they'll help keep the price from flying away too fast. It will be frustrating to new investors, but will cause even deeper frustration for the TeamSHOP scouts. Skimming (which is what they're doing) suggests a quick in/out, but the satisfying gains...the ones we love...will elude most of them, and it will tie up their money for longer than is ideal. I mean, how long and how much money should one tie up for SHOP's table crumbs? Those crumbs aren't scalable.

    Not like the worth of my shares. Four years ago, a day of 1% gains was only $1.50. Today, a 1% gain on that same share will be about $12. All I did was NOT SELL. That's it. Compounding has done the rest.

    A few weeks ago, Monty was upset with us long term investors bragging about our foresight, and made the point that this was not helpful to new investors. Here's the thing. Foresight is what makes people rich. Luck helps.

    Our continued presence is the best we can do. We share news, and as more experienced investors have done with me, I share glimpses of things I have learned and figured out about investing, things that have help me become a strong hand type of investor, how to distance myself from the emotions around risk and money. I am fortunate to have seen some very successful portfolios, and have experienced the crashes of 1987, dotcom, 2007/8. I still know many of the same long investors from those periods, and they are living great early retirements.

    None of them are cavalier about money. Wealthy people never are, except maybe while on vacation. It doesn't pay. I was lucky to have great advice begin structuring that kind of portfolio, and have never been shy to seek professional advice. With investing, there are no guarantees, only "best bests".

    Nothing is quite as horrible as entering a long position at the top of a cycle, and spending the next 4 years averaging down (a 90% drop at one point). I've been there. After I stopped averaging down, I waited. The successes of other businesses helped made it tolerable. Red green.

    Shopify taught me a lot about risk and how I manage it. My appetite for risk is quite low, which is why I wanted a balanced portfolio. But I also like to test the envelopes. I THOUGHT I was going to start trading in a little playground I created, but I started dancing with Shopify instead. Maybe I'll get around to trading in a few years, but I doubt I'll want to stay so connected to my computer. The game of compounding takes place, even as I'm on extended vacations.

    That's what happy long term investors tell new ones when they are nervous about where they have put their money. To be patient, to protect your capital, to diversity your investments, to invest in things you know or use.

    I was fortunate to inherit a few residual shares of Brk-b that were acquired before the 2010 50:1 split, so when long time SHOP investor John (84 years old) said that these are shares you leave for your family, I began to look at the two companies comparatively, and intuitively believed him to be correct. So I added more shop AND more brk-b (which traded sideways for the next two years).

    That's all I can tell frustrated investors. Try and find the best companies on which to place your long term bets. I share what I find about this company, because they are simply incredible, in so many different ways, that share price is the LEAST of it. Go SHOP!
  • S
    Stephen
    bought 10 shares at 750 was considering selling a month ago but glad I didn't since I have now just about doubled my money
  • M
    Mayling
    I've been thinking about my online purchases. Three years ago, if you had told me that I would one day purchase a camera online, I would have laughed. Unthinkable!. But this year, I've dropped about $17k in camera gear. Amazon got a few grand of the business, but that's it. If I couldn't source a local Shopify retailer (Staples got a lot of business from me this year), I supported locally where it served me, and supported non-Amazon companies. But I'm always watching for signs of Shopify growth and opportunity.

    Here's my experience: I've been acquiring gear for about 18 months. When I started shopping for a camera, there weren't many places to purchase. Best Buy, and a few local retailers. No Shopify merchants. That's changing.

    I bought my camera body through a combination of online and over-the-phone to a chain. I structured it so that the salesman got the commission on the sale. Then I started adding lenses. They are worth more than the body.

    My choices have also been informed by youtube MMs. Some of them are great, and I wanted to support them, so I clicked through to their stores. Many of them are Shopify stores. They all have the usual assortment of T-Shirts and caps, but these people are moving serious product too, including course offerings Some of them have Canon subdomains, so Canon can see precisely who their influencers are.

    So, once I had a few lenses, I started looking at lens filters, They're going to run me about $1k/set. There are 3 more lenses I want to get, and unfortunately, the threads are all different, so I'll just get them as I need them. I go to the manufacturer's website, which is on Shopify.

    I'll probably get a Peak Design camera case. They have the best integrated and smart designs, and they have been thoughtful of the fairer sex. The hilarious ad they did when Amzn stole their design is what drew my attention to them. I knew when I saw the fight-back ad, that they were a Shopify kind of company.

    They also have a marvelous tripod. The carbon version is $800, and the aluminum version nearly half. I have an older and heavier aluminum tripod, nothing light enough to travel with...and a great camera strap system etc.

    Affirm payments. Yes. Good investment for Shopify, good way for young shoppers to learn/build their own credit. Good way to rebuild a broken or damaged rating. Good service for consumers. And to other people at different stages of their lives. 4 easy payments. I have no idea what it is like for young people to build credit these days. I suspect it's hard, otherwise Shopify wouldn't have taken steps to make it easier. They are already collecting the data. Busy Shopify. Relatively small risk. Maybe this is what will replace the old department store credit cards that have helped so many families survive, over the decades. (I had one such card through employment, when I was 17. By the time I turned 19, I qualified for a major credit card. It was easy in them old days. Around the same time, Mum zeroed her mother's store credit card balance that had raised a family of 6. First time in the card's existence, 40+ years, minimum payments faithfully made, no matter what. Today, Shopify would be her catalogue.

    I think they are offering an important service to the consumer, with manageable terms and the opportunity to establish credit in a big network, and for us as investors, opportunity for good gains on smartly managed risk. It's a long term play because while we see immediate gains, there are longer term risks that bring volatility.

    The company is now a player in 5 of the 11 GICS market sectors: Financials, Consumer Discretionary, Consumer Staples, Information Technology, Communication Services. They are also on the fringes of Industrials (6RS) and the Utilities sector (alt energy).

    Young TeamSHOP scouts should take note of this. No matter what sector falls out of favour, Shopify's interests (and influences) are not confined to a single sector. I think it's part of the reason they are so frequently disappointed by their bets. Tech falls out of favour, there's a drop. Scouts get excited. Financials cycle in, and the price drop is mitigated (sometimes even goes the opposite direction, for reasons unknown.) Most young scouts don't know enough about business (in general) to be betting against one as complex as Shopify.

    It's what I imagine a baby conglomerate looks like. Warren got rich on a dying manufacturing industry and took it from there, Tobi got rich by building a platform that supports a struggling retail industry and AND supports the resurgence of a specialized manufacturing industry. Somebody is always going to be using the platform.

    History says that the esports franchise will become hugely important if there's a recession.

    Share price is where it needs to be.
  • A
    AndrewF
    This just in---Shopify inks a deal with Buzzfeed that could give publishers an alternative to AMZN and WMT in generating affiliate revenue. This is huge!!! That is why the stock is up 5.5 percent today. Another partnership!!!
    Bullish
  • K
    Kenneth
    Institutional Holdings today still steady at 75.72% on Shopify. Second largest holdings in ARK Funds is Shopify. Largest holding is BITCOIN.
    Bullish
  • K
    Kenneth
    My source says there is a trend of MASSIVE companies choosing Shopify like Netflix did! More will be discussed at Shopify Unite on June 29th!
    Bullish
  • j
    j-rock
    I first bought SHOP in 2018 when it was at $178 CAD, which at the time I thought (and was told by MANY) was very expensive. And despite the constant short attacks (RIP Andrew Left) I have continued to add whenever I can. I haven't made "life changing" money on this stock, but certainly "life enhancing". Congratulations to all the longs.
  • K
    Kenneth
    Shopify broke above today the 1503.14 to day on an intraday basis. Volume extremely high which indicates heavy stock momentum. Chart indicates higher prices. It also broke all time high on an intraday basis. Previous all time high was 1499.99. Congrats longs.
  • K
    Kenneth
    Here is the current scenario with Shopify Institutions continued to accumulate more shares of Shopify on Friday raising there holdings now from 75.97% to 75.99% of the shares outstanding which doesn't include individuals holding shares of Shopify. Now keeping that all in mind that leaves 24% left minus individuals holdings on Shopify's outstanding shares. With that in mind there is a tiny float as a result and the stock which has been trading two and three times average daily volume is likely to challenge and create a breakout this week on the stock. If this stock goes over 1503.14 like I believe it will then the breakout is on. Shopify would then likely head towards 2016.00 according to the charts.
    Bullish
  • A
    AndrewF
    WOOOOOOOOOOOOOOOO!!!!!! 1510.54 close! I warned the shorts the stock would close above 1500 but they thumbs downed me and said it wasn't so! I expect a barage of thumbs down, insults, etc. It doesn't matter. This stock reached a huge closing milestone today. Now instead of a ceiling 1500 is likely going to eventually be a level of support. Very grateful for my most recent purchase at $1041. $$$$$$$
    Bullish
  • K
    Kenneth
    By the way Fedex reports earnings Thursday "delivery demand remains red hot" which is giving FDX the power to push higher rates and surcharges. Does this continue to correlate to Shopify merchants showing surging powered e-commerce growth? YES!
    Bullish
  • M
    Mucho
    Another brilliant day from SHOP. Closing above 1500 also psychologically important. This is a stock on a roll. Roll on $2000! 😎
    Bullish
  • G
    GFA
    Have been bullish for over five years on SHOP, but it seems like lot of optimism is currently baked into the stock price. Would certainly not be a buyer here as it's currently in a 9th stage base, so if the previous high fails to act as support, then watch out below

    https://www.investors.com/news/technology/shopify-stock-shop-stock-new-high/?src=A00220&yptr=yahoo
  • C
    Chris
    What was once the resistance is now the support. Welcome to the new investors on this board.
    You're going to make a lot of money in the next few years.
  • B
    Benjo
    I am keeping my target intact. Just one more week to run the machines !!