Why we bought SHOP US
Hi James and the team, Thanks for your hard work. Shopify, which I noticed you are buying. Can you give me a few reasons for the purchase, especially against SNOW and ZM? Thanks, Kim.
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Answer
Hi Kim,
MM did actually deliberate between all 3 as you probably guessed but we simply felt that SHOP was the better prospect of the 3 given we already own TTD and ZM, a move that has proved very on point this week. We are still considering averaging our ZM position but the volatility under the hood of US indices feels like its going to provide some interesting opportunities moving forward hence we don’t feel compelled to chase stocks.
