Shopify Inc. (SHOP.TO)

He does own this and continues to like it. It is hands down the industry leader in e-commerce. He trimmed the position as it became a large holding in their portfolio. This is a good pullback. There is a short seller trying to connect it to Facebook – ignore that as smoke and mirrors.

How will it be affected by the FB-Q thing. It would be a sympathy trade. It aggressively broke out this year. It has been parabolic. It is overbought and so you should see corrective movements. So long as the breakout above $155 is held you are probably in good shape.

Andrew Left (Citron) shorted it at $130. When will their earnings come out? Maybe 2020. So, you'll have to stomach volatility and be patient. It doesn't help that the short-seller is attacking them again, though he likes Shopify's defence. Still holds this, though he has sold some. He could dollar-cost average down the road.

This stock is way too expensive. It is priced for perfection. Stocks like this can drop $40 in a heartbeat. This company doesn’t disclose its churn number. It also started a capital program in which they advance money to small clients. He wonders whether the loans are merely paying the fees to Shopify and what would be left if the loans weren’t there. In general, he doesn’t like the idea of being in the business of giving loans to your own customers. If you hold the stock and have made money at this level, you should sell because there is a lot of volatility to come.

No doubt about its growth potential, and it has been successful. But you're paying too much for
the future--it's pricing for the future. What if SHOP hits a bump? He wouldn't buy it here, though
you've done well if you bought it earlier. Overall, tech stocks are partly carried by momentum.

Stock has been and will remain on an uptrend. But how much do you pay for growth? Watch it and buy on pullbacks. When it matures, cash will spill out of it.

This hit a record high today. This is a great Canadian tech company but he would not buy it at this level. It is overvalued.. It trades at 15x 2018 sales.

The stock has done very well, but it's extremely rich--a risky valuation. There are cheaper, less risky tech stocks out there. Possibly, Amazon or somebody can just copy what they're doing. Also, he's worried that a lot of money is being invested here merely because it's the lone Canadian tech stock (not counting Blackberry).

One of the best growth stocks in Canada in the last year. This is a momentum investment. He is a value investor so it does not fit him. The 12 month target is $180.00 and we are at $190, so not a lot of optimism. A lot of this year’s news is already in the stock.

He thinks this company has a good platform, but the challenge is around valuation. Recent rumours could cause multiples to drop quickly.

It was a great stock until a short report a few months ago that claimed the stock was too expensive. Then, the company issued amazing numbers. She likes this, but would love it if it were cheaper.

Continues to own this one. This is a company that has been compared to Amazon or Alibaba. It is bringing e-commerce to everyone. The valuation it is high, but the growth is no contest to any company in Canada. 70% year over year sales growth. They have been taking profits but more to avoid portfolio concentration.

In the merchant cloud service. Earnings are fantastic. Revenue growth of 46%. Ticking all the boxes. They have a 200 dollars target. (Analysts’ price target is $175.41)

He does not believe that the business model is wrong, but at current valuation levels. There is no argument with the business model. It could become the global platform all retail and would be worth double then. The expectations right now are just too high.

One to trade rather than hold long-term. It took a full year to crack $150. It may have higher support left. If it holds to $150 support level, it could be off to the races.