Jumia Technologies (JMIA)

[gcmbrokers]

Kei they say that traders should hit more singles and not swing for the fence, but God only knows that there is nothing like a home run. This is scary now, because it could open down 10 or pull a Tilray and march to $200. I always like taking my original investment off the table and letting free shares ride, and then evaluating those for add'l profit, or not.

I think that Jumia is in a tough neighborhood, but they have solid backing despite being ugly on the balance sheet. I remember when almost everyone felt that Amazon would never make it, and they were confused why it went up despite continued losses. Well, it takes time to build infrastructure, and Jumia has that much and more to overcome.