DUOL

Duolingo

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-$58.85 -36.65%
Great time to buy consumer internet businesses
Initiated positions in $DASH $ABNB $SPOT and thinking about $HOOD $DUOL $COUR

Will keep piling for next 3 years.
Question for you, and I know its a bit redundant given you are a LT investor.

I'd say that some of these companies could be considered highly discretionary. In a recession, people eat out less (DASH), travel less (ABNB), have less disposable income for investing (HOOD), learning (DUOL) and they cut monthly expenses like SPOT, although I must say that Spotify is likely very low down on that list of expenses someone would cut first.

Do you feel the bad juju is priced in to these names?
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Samuel Meciar's avatar
$23.1m follower assets
Today, I started deploying quite a lot of cash I raised from the positions I closed or reduced as we saw a wave of rather extreme surges in stock prices. I added to $GOOGL $MSFT $ADBE $NOW $SHOP and $DUOL. In total I spent quite a lot of cash, left with around 11,1% in cash now.

More weakness will mean more adding, obviously, and I'll let you know. In the meantime, I'm digesting a few of my holdings in portfolio and their overlaps with my other positions and the strategy I want to take when it comes to those. Again, I'll let you know when I decide to take action. Have a great weekend :)
Irish Born Investor's avatar
$22.9m follower assets
Duolingo $DUOL an interesting recent IPO Setup.
$DUOL is one of the most interesting recent IPOs coming out of this bear market. It just got above it's 200MA and has a gorgeous base with clear signs of institutional accumulation. I am waiting for a risk controlled setup to develop here. Interestingly I am also an avid DUOLINGO user!

If this turns into tech leader then it will offer a good entry. For now it has done excellent work from a technical perspective. I know that @stockmarketnerd is a long term shareholder for anyone that is more interested in the fundamental story of the stock.

Profile:

Quick Stats:
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Samuel Meciar's avatar
$23.1m follower assets
Portfolio changes - update 17
Hey fam! Over the last few days, I decided to make the following changes:

  • I sold $MELI. I decided I don't want to be fixed only to only one area as I don't expect $MELI to really expand beyond SA and so I'll stay exposed to the region and other emerging markets through $ADYEY and later through $SHOP (which is already finding a pretty decent success in Brazil) and $SQ as they expand more and more into those areas.
  • I sold $DUOL and $HIMS. As much as I still love those 2 companies, the focus of my portfolio is to invest into companies with vast ecosystems or backbone infrastructure that gives me an exposure to secular growth trends I'm bullish on, and so I felt like these 2 aren't really the best fit. Instead, I'm seeing other great opportunities within my other holdings.

Still, I managed to sell $DUOL with a 26% gain and $HIMS with like 5% gain on the positions so I consider that a great success in this market environment 😀

  • On the other hand, I was adding to $ABNB $ADBE and pretty significantly to $ADYEY, now about 4,6% position.

Therefore I'm currently down to 23 positions in total.
Trimming Today (Please Forgive Me)
Sold ~5% of my stakes in $FROG and $DUOL (will link the trades when they're entered here at some point today).

Had been adding to both all the way down, and we've now gotten ~50% pops from both. I continue to be excited to own both companies as neither have done anything but execute since going public amid a wildly hectic and dynamic backdrop. I continue to think 2022 will be about staying nimble which I accomplish with cash.

Happy to add back the small pieces into more market turbulence. Also happy to do nothing.

Have a great weekend friends!
Samuel Meciar's avatar
$23.1m follower assets
Brief news 29/4/22
$AAPL reported earnings, here visualized:

$AFRM Miva, an e-commerce software and service provider for SMBs announced a partnership to help online sellers increase sales and accommodate growing consumer demand.

$ABNB's CEO Brian Chesky sent a letter to his employees, saying they can work remotely forever, as long as they want to.

$AMZN reported earnings, here visualized: (hard hit on EBITDA, though the loss on Rivian is took into consideration in that chart)

$DDOG launched application security monitoring (ASM) to break down silos between security and operations teams.

$DOCU CommBank, an Australian bank, is looking into possibilities of making DocuSign the only way to deliver and sign commercial lending documents after exceeding a 90% adoption target at the end of last year.

$DUOL's viral TikTok account earned it a "Social Marketer of the year" award from Ad Age.

$NET and $MSFT develop a built-in VPN for Microsoft Edge - powered by Cloudflare.

$NFLX reportedly laying off seasoned journalists and writers working for its entertainment site Tudum. Netflix also seen cancelling new seasons of some shows that likely didn't do too well.

$NVDA GeForce Now app added a native support for Apple M1 Macs, Lost Ark into its game offering.

$PYPL reportedly closing its San Francisco office which is housing its Xoom business unit.

$ROKU reported earnings, here visualized:

$SPOT declines to renew Obama's podcast contract, Obama reportledly in talks with Audible, iHeartMedia for the deal.

$SE up on the news of Sea Group winning a digital bank license in Malaysia.

$TEAM reported earnings, here visualized:

$TTD Advertisers and Agencies, including Omnicom, to activate audience-based campaigns directly from InfoSum data clean rooms using first-party data via Unified ID 2.0
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