When To Sell a Stock – With an Example

The best investors are not right all the time. They are constantly synthesizing new information and analyzing their investments for weakness. I was very fortunate to find an excellent friend and mentor, Saul, who taught me when to sell a stock. According to Saul, the right time to sell is as soon as the narrative changes.

And every stock’s narrative changes sooner or later. Even some of the greatest stocks of all time, such as Amazon, become not worth holding anymore. I sold Amazon in March of 2020, which most people would consider as a pretty good time to buy Amazon! After all, it hit a low of $1785/share and is now trading at $3375/share. The thing is, I took that money and bought more Crowdstrike, Zoom, Livongo, and a couple other hyper growth stocks. And how did they do? Way better than Amazon.

Anyway, the example stock from the title of this article is one that I sold earlier today, none other than Fiverr. So, what was Fiverr’s narrative?

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June 2021 Portfolio Analysis

Welcome to my first portfolio update on ExponentialDave.com! This is my seventh publicly written portfolio update in total. My portfolio is up 247% as of writing on 6/15/2021 from when I started tracking my results in January of 2020. Meanwhile my benchmark, WCLD, is “only” up 90% since January of 2020. For the year 2021 until 6/15/2021, my portfolio is up 7% year to date, meanwhile WCLD is down 0.5%.

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High Fiverr(s) All Around

One of the best earnings reports I’ve seen in this earnings season was from Fiverr. This is mainly because they changed growth cohorts. For this year, previously they were guiding for 46%-50% YoY growth, but now they have updated their forecast to 59%-63% YoY growth! For comparison, Crowdstrike, my highest conviction stock, is “only” forecasting growth at 64% for 2021 (but to be totally fair, CRWD hasn’t reported Q1 yet and so will also likely beat/raise their guidance.)

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