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Wayfair

W - 15m chart. Time to sell? Touch down to $148 possible?Extremely overbought - RSI bearishly diverging. MACD histogram is declining, buyers close to crossing under sellers. Bearishly engulfing candlesticks. Chose target based on fibonacci retracement tool, and the approximate area where the 13 EMA could be (purple EMA) which it could touch down to. Conservative, but seems likely given the supporting indicators. Because of how bearish the indicators are, I am okay with a very tight stop loss, but we will see if that was a good idea soon enough. What do you think?
NYSE:WShort
by magimuffin
Wayfair Ponzi Scheme Quarterly Loss Report due Friday MorningWayfair will be reporting its quarterly loss this Friday morning. If I was inclined to short anything in this market, it would be W. That being said, I have no position. It's really hard to short a Ponzi scheme in a bulltarded market. I expect their annual loss to be over half a billion dollars, but that's worth a $10B market cap right, lol? The only reason why this keeps going up is because it's 120% owned by institutions. That's right, all of the shares being traded daily are borrowed shares, and Fidelity seems inclined to buy more. Complete Ponzi scheme.
NYSE:WShort
by hungry_hippo
5
W Bounce off 50DMA?Not real sure on this one, only a small play. Last time W tanked on earnings, it hit the 50DMA and dropped. Do we get a repeat? If it breaks through, it's probably going to set a new high. I would not naked short this one, bought Jan puts. This is one of the biggest Ponzi scheme in the market. Anybody can increase revenue by selling at a loss. When W goes bankrupt, then we'll know the market has hit a bottom. Probably 2 years while we're in a recession.
NYSE:WShort
by hungry_hippo
2
W Selloff Coming UpW will go down. Fast. I'd say probably a day before the 18th Annual Consumer Conference on June 19th where Michael Fleisher, CFO, is presenting. Wayfair has consistently trended more negative in net income with every report, with a smaller number of shareholders than previously this year, I expect this bullish wave the come to abrupt stop. I have put options exp: 5/29 (which are selling at a discount) and I expect them to maintain somewhat stagnant at this $108 resistance before a huge sell off causing W to drop to around $70-80. I would love to know what ya'll think about this position. After this strong rally throughout May could Wayfair possibly maintain this momentum? Do you disagree, agree? Leave it in the comments.
NYSE:WShort
by petewheela
7