Targets for $W in the upcoming days
As per my previous post, I have been waiting for the opportunity to short at $199. TP and SL subject to change by manual closing but trade is now open.
Today I am sharing my view on Wayfair, which IMHO this is WAY overbought & just absolutely ridiculous. $20 to $200 for a stock that is still reporting a net-loss & selling Crap Chinese goods with awful customer service. Reminds me of wish for furniture, well maybe lets not take it that far lol! Anyhow lots of competition in the space, Amazon, HD, Overstock, and...
Some personal opinion on Wayfair . - wayfair is stupendously overvalued - the stock got lucky off of the pandemic, but without any offline presence, its business model is ultimately unsustainable. - current price factors in potential high growth, where I see none. - an online furniture business can only grow so much - without a full transition in business model,...
This absolute turd is way overbaught and once again around the peak of the weekly MACD. Started a short position as the S&P also seems to be showing SOME signs of weeknes...(imagin). Because this is a dumb money crowd play my short stop loss is tight and if it breaks green on any day I would be ending my position. Should be easily send fown to $150 or even...
BTC pumping, market pumping, Wayfair pumping, tech pumping.... this move is obvious.
Looking 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...
W took off on Monday as the company talked up its performance. This online furniture retailer is clearly benefiting from competitors being closed -- deemed nonessential. Gap-fill resistance at the $100 level isn't crazy if $80 gets beaten.
W has a high short interest, so not surprisingly it's got a short squeeze going on.... Target is slightly above $80, might be worth shorting there. They aren;t gonna ever make money, this rally is hilarious but tat's what happens when you play a crowded game. Not touching it for now. At $80, daily indicators will probably all be overbought.
This is what it looks like when a bubble pops, reminds me of the Dot Com bust. This crap is headed for bankruptcy, and I don't see any of the other bubble stocks (SGMS, OSTK, SFIX, etc) coming back either. The market isn't done tanking until all of the bubble stocks die, and TSLA is still in bubble territory. So more room for downside in the market, probably...
Alex Vieira Upgrades Wayfair $53 PRICE TARGET HIT TO NEUTRAL After Downgrading Strong Sell $163 informing everyone to dump above $158
I have been saying for 3 years that this is a Dot Com era Ponzi scheme, and that it will go bankrupt. Appears that everyone has finally come to the same conclusion. The more they sell, the more they lose money because they sell things for a loss. Any idiot can do that. My prediction is that this will go bankrupt by 2022 if not sooner. They will no longer be...
Here is a great opportunity to go short on Wayfair (W). If you are able to go short closer to $90 we think that would be the best time to build your short position. At Three Percent Trades we have a price target of $65.00 / share, which is a potential upside of 22.3% from the current level. We use a combination of fundamentals & technical analysis to trade high...
For those of you who have been around, I've been calling this thing a Ponzi scheme since day one. Any idiot can sell stuff at a loss, the hard part is making money, duh. Finally collapsing, probably not gonna bother now that its lower... but investors have little interest in speculative stocks in a ber market.
I've been saying for over 2 years that this is a Ponzi bubble stock, there's no path to profitability. Any idiot can sell things for a loss. Negative book value, that goes more negative every quarter. Eventually they will have to raise cash, so while P/S is now 1/1, that will change in the future as they will issue more shares. No bank is going to lend to...
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,...
Looks like a bull flag on this Ponzi scheme, maybe Fidelity is going to buy all of the shares, lol. Obvious short squeeze. Not really sure what to do with the gap as far as setting bull flag targets, but I wouldn't be surprised if this thing hit $200.