Wayfair looks like a simple short ahead of earnings IMOLooking at the chart it appears to have topped out in the descending channel, also correlating with the high ahead of their prior earnings - I'd at the very least look for a nice give back leading up to their earnings.
Reasons why:
-Insider Selling
-Mass layoffs not going to bode well for sales regardless of being internet based..
-Not profitable
-Debt
**My opinions only, not trading advice.
NYSE:W
