I consider $SHOP a good investment in the $1200's, and a compelling investment in the $1100s.
But Shopify is not necessarily a great short-term trade, today and next week. Shopify likely to be oversold, near-term.
I own shares long, and will selectively add to these holdings. I also own one in the money December call that will most likely be out of the money on today's open. Not sure what I'm going to do with it.
Amazing to note the recent selling pressure in advance of the ER today.
But Shopify is not necessarily a great short-term trade, today and next week. Shopify likely to be oversold, near-term.
I own shares long, and will selectively add to these holdings. I also own one in the money December call that will most likely be out of the money on today's open. Not sure what I'm going to do with it.
Amazing to note the recent selling pressure in advance of the ER today.
