Blogs
These are blogs that the Skyline Stock Investments team uploads. By uploading these blogs, we hope to take high school students step by step across a real high school trader's trading journey to help them start their own.
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These are blogs that the Skyline Stock Investments team uploads. By uploading these blogs, we hope to take high school students step by step across a real high school trader's trading journey to help them start their own.
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Although Etsy was founded in December of 2012, it hasn't been well known to the public until recent years. It received some attention in 2018 but its big debut came with the COVID-19 pandemic. The service proves a market for self-employed crafters and artists wanting to sell their handmade products. This type of service is beneficial for 2 reasons:
1) With the cancellation of most events towards the beginning of the pandemic in March, people turned to sharpening their hobbies or spent time learning something new. Speaking from a personal experience, the trend started with making dalgona milk tea and spread out to making a variety of different things. Point is, personal development through craft, which ETSY is made for, has been a growing trend in the COVID-19 pandemic era. 2) ETSY is also an online market, something that is on the trending horizon. Even retail stores such as Target and Walmart have been moving towards having an online format for the purpose of retailing and reaching out to more people. Especially because COVID-19 disapproves of people going physically to retail stores, online stores such as ETSY seem to be our future. Although I lost the option to buy it when the instability caused by the election dropped stock prices, I think it is a good time to buy ETSY stocks. Amazon is valued at $3000+ and Shopify, a similar service, is valued at around $1000. While I have heavy doubt that ETSY will reach the level Amazon has or even the level which Shopify has, I have strong belief that 1) the continuation of quarantine will expand ETSY's boundaries and 2) ETSY will remain popular even after the end of this pandemic. After much debate, I have decided to buy this stock, pricing in at around $129 per share. Please message me if you have anything you want to comment! Photo used from: https://commons.wikimedia.org/wiki/File:Etsy_logo.svg
5 Comments
Je Ah Song
11/24/2020 04:21:48 pm
I agree! I noticed Etsy stocks went up since you bought it!
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Kei Lin
11/27/2020 02:55:29 pm
Yeah I also noticed that this stock went up by a lot just today too. Good dealing Calvin!
Reply
Yuina Satomi
12/4/2020 07:41:46 am
Wow....Amazing trading there
Reply
Linda Wei
12/10/2020 10:46:41 pm
Just found out about this organization. I'm actually pretty shocked at the reasonings behind your stock trades. Stocks only move up or down so I'm not too impressed with your profits but your reasoning is rock solid!
Reply
Linda Wei
12/17/2020 09:02:54 pm
I'm shocked honestly and I keep coming back here wonder how you were able to predict this stock's growth... Absolutely amazing
Reply
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By Calvin ChoHigh School trader exploring the world of stock trading during COVID-19. Archives
November 2020
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