Jumia Technologies (JMIA)

[gcmbrokers]

I think we may be seeing lows here-Africa is the one of the last frontiers. I think 1000 shares and hold for me. Can always writes some calls on the position or buy puts for insurance. Like MedMen, Jumia has to rope in expenditures and focus on viable profit centers. Sooner or later, reality sets in that to remain ongoing, one must not burn cash.

https://www.marketwatch.com/story/the-next-decade-belongs-to-africa-as-technology-ripples-through-the-continent-2019-12-14