AH.......HOW CAN I MISSED THIS GREAT OPPORTUNITY ?
I better get in fast before the train moves off again. I do not want to miss the chance to make good money !
I bet many traders/investors would think along this line when they see stocks that had such phenomenal returns. If you had bought this share in early 2020 at around 2.50 and at current price of around 50, you would have made 20 fold returns. WOW< WOW< WOW........
Before you start throwing in the kitchen sink and sell your house to buy this counter, you may want to understand more.
Here's a great article for you to digest on .
Would I buy this company ? YES ! At this price ? NO.
My main concern is the share price has gone up too fast too soon. We can see that it has gone up 300+% from Nov to Dec 2020 and with no apparent good reasons. In fact, its Q3 earnings was rather disappointing. Does this raise a red flag ? And right before Christmas last year, it took the reverse turn and shares have fallen almost 18 dollars from its high of 50. I expect more selling to come within the weeks and possibly month.
That means, market manipulators are behind the scene to push up the price and millions of retail investors blindly follow and chased it up.
Just because they are primed as a market leader in e-commerce in Africa is NOT a strong reason to buy this share. It has to improve on its revenue, reduce its rate of cancellations, stabilise its business model, strategise on amount of online advertising, etc. Of course, at this time of writing, millions of retail investors may be bought by the growth story of Jumia and think it will be the next Alibaba or SEA Ltd. So, they won't want to miss the chance , would they ?
For me, this is a SKIP for now but I would definitely put it in my watch list and review it again.
I better get in fast before the train moves off again. I do not want to miss the chance to make good money !
I bet many traders/investors would think along this line when they see stocks that had such phenomenal returns. If you had bought this share in early 2020 at around 2.50 and at current price of around 50, you would have made 20 fold returns. WOW< WOW< WOW........
Before you start throwing in the kitchen sink and sell your house to buy this counter, you may want to understand more.
Here's a great article for you to digest on .
Would I buy this company ? YES ! At this price ? NO.
My main concern is the share price has gone up too fast too soon. We can see that it has gone up 300+% from Nov to Dec 2020 and with no apparent good reasons. In fact, its Q3 earnings was rather disappointing. Does this raise a red flag ? And right before Christmas last year, it took the reverse turn and shares have fallen almost 18 dollars from its high of 50. I expect more selling to come within the weeks and possibly month.
That means, market manipulators are behind the scene to push up the price and millions of retail investors blindly follow and chased it up.
Just because they are primed as a market leader in e-commerce in Africa is NOT a strong reason to buy this share. It has to improve on its revenue, reduce its rate of cancellations, stabilise its business model, strategise on amount of online advertising, etc. Of course, at this time of writing, millions of retail investors may be bought by the growth story of Jumia and think it will be the next Alibaba or SEA Ltd. So, they won't want to miss the chance , would they ?
For me, this is a SKIP for now but I would definitely put it in my watch list and review it again.
Note
simply beautiful
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.