Wayfair Ponzi Scheme Update
Updated
Still expect this to close the gap. Opened a short position yesterday when I went long on TSLA, dumped TSLA this morning but kept the W puts. Bare minimum I think this retests the $135 support next week based on chart patterns.
Any idiot can re-sell products at a loss, just go ask Byrne over at OSTK. (That guy is hilarious, keeps buying cryptos at the peak, the guy has probably lost more money on hitcoin than we'll see in a lifetime.)
Any idiot can re-sell products at a loss, just go ask Byrne over at OSTK. (That guy is hilarious, keeps buying cryptos at the peak, the guy has probably lost more money on hitcoin than we'll see in a lifetime.)
Comment
Here's the reason why I dumped my Fidelity funds last month:finance.yahoo.com/quote/W/holders?p=W
Knowing that Fidelity owns 15% of this garbage money losing Ponzi scheme makes me wonder about their funds. They keep buying to prop this garbage up, 6.5% owned by Fidelity Growth Fund, lol. Their idea of growth is pumping the crap out of money losing companies. That and FAANG stocks.
Trade closed manually
Flipped the puts for a small profit this morning. That support at $141.5 seems rather strong for some reason. Expect it to bounce in this area for a couple of days, not a good trade with options.Trade active
I think the rally today is overdone, balancing my positions with some short positions. When in doubt, short garbage.No volume today and in the red now despite the market being up huuuge.
Trade closed: stop reached
hit the trailing stop loss, closed yesterday.Disclaimer
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