Replies to post #525 on Shopify Inc (SHOP)

[conix]

I cannot justify SHOP's price here. I like the market sector they are in with e-commerce but there are smaller companies that are UNDERvalued.

I bought into LSPD instead of buying SHOP and have been VERY happy. I also got into OLB at $3.50 and have traded part of my position twice in the past three months. I expect to see $7 to $10/share there in the next six months.

SHOP is benefiting from being the largest company in e-commerce services. And the her mentality is helping the price. Sorta like TSLA.

But when there is a correction, the "herd" will pour out of these stocks that have done so well, so fast.

Margin debt is at an all time high. Careful holding overvalued stocks in any indsutry.

JMO.