Shopify Inc (SHOP)

[Plegee]

Tend to agree with you Redwing, things feel very frothy of late. AAOI, ROKU and ANET, three other recently reported tech stocks getting hammered after tempered guidance. All it may take is one more miss by a notable tech stock, add in the high frequency trading frenzy, and we can see the makings of another record breaking fall.

Fundamentally, SHOP looks very solid but we are only as good as the general market, which has been swinging uncomfortably. Remember the painful downturns of 2000 and 2008 all to well. On the bright side, employment, GDP growth, tax reform, all helping to moderately offset negative effects of higher rates and slower housing. Volatlity remains troublesome despite lower VIX trend. SHOP wants/deserves to continue higher in 2018, just needs the general market to cooperate.