Jamie Murray Jumia Technologies JMIA-N DON'T BUY Oct 31, 2022

Focus on African eCommerce market. High growth company that has been hit hard with tech sell off. Burning through lots of cash that is hard to justify to investors. Missed window on eCommerce in Africa. Amazon and Facebook will be very tough to compete with.

Jamie Murray

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$4.960

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BUY

The Amazon of Africa. An e-commerce platform. It's a good, speculative stock.

WATCH

He recommends it, but how far can it go? It has recently shot straight up, so you must let it cool off.

WAIT

Very volatile. Trading at middle of range of last 3 months. Has had a good run. Should have support between $40-45. Look to buy 1/3 down there, then 1/3 at $35-40, and 1/3 at $30-35. Market volatility is not over yet.

DON'T BUY

It's not making much money.

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Jamie Murray Jumia Technologies JMIA-N DON'T BUY Oct 31, 2022

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