Should You Buy Shopify Stock Now or Wait for a Dip?

Did you know that it was about eight years ago today that short seller Andrew Left from Citron Research referred to Shopify (NASDAQ: SHOP) as a "get-rich-quick-scheme"? Ironically, investors who would have ignored that outlook and bought the stock would have been the ones to get very rich; Shopify's stock has grown by more than 1,300% since then, and a $10,000 investment in the business back then would have grown to be worth over $140,000 today.Shopify established itself as a top e-commerce platform and it has merchants in around 175 countries. Its easy-to-use software is appealing to just about anyone looking to sell products or services online, even with limited technical abilities. The stock has been a phenomenal investment and it now trades around its all-time highs.But given its high value, is now still a good time to invest in the company, or are you better off waiting for a pullback in its price?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool