SHOP- Drop and pop?
This thing is ridiculous.
"Shopify has a trailing-twelve-months P/E of 800.37X compared to the Internet - Services industry's P/E of 28.45X."
zacks.com/stock/chart/SHOP/fundamental/pe-ratio-ttm
When things get back to normal this will tank. 500's again easy. This bloated quickly and will drop like an elevator that no longer has cables.
No Idea if this is the start of the drop yet. Just watching this for now. Could see support around $640, $604 and either/or $592/$567 before it goes further. Everything else will be a roller coaster of doom. RN not a lot in between being at ATH and no real sideways movement.
"Shopify has a trailing-twelve-months P/E of 800.37X compared to the Internet - Services industry's P/E of 28.45X."
zacks.com/stock/chart/SHOP/fundamental/pe-ratio-ttm
When things get back to normal this will tank. 500's again easy. This bloated quickly and will drop like an elevator that no longer has cables.
No Idea if this is the start of the drop yet. Just watching this for now. Could see support around $640, $604 and either/or $592/$567 before it goes further. Everything else will be a roller coaster of doom. RN not a lot in between being at ATH and no real sideways movement.
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