We are following YETI and SONO to see if the buyout rumors are true for either stock. We have not taken a position in either stock yet. Late yesterday, we called in a channel check on YETI products. The company is sold out of many items. We tried to order four (4), 14 oz Rambler Mugs, a majority of the colors are sold out and many others are on backorder....
Yesterday YETI made a run upwards of $35.50 due to a buyout rumor. The rumor...Newell might make an offer for YETI somewhere between $42 and $45 a share. Judging by the sales of YETI products on just Amazon alone, not counting any other store, YETI's next qtr numbers should be a blockbuster! We are sitting on the sidelines of this rumor as we are with SONO. We...
Looks like its going to bust through the pennant I drew. You could buy in at 33.40 but theres some resistance at the blue horizontal line. If it brakes that one, it will continue upward.
Yeti just finished its C up, its time for the retracement. We are looking for a 1:1 retracement that means 21.69 is the target.
Updated count on YETI since by B wave count was wrong. Overshot the 1.272 for wave 3, indicating that the 1.618 will likely be reached. This puts us at $38.50 range to complete the 5 waves up, confluence by 2 pitchforks and 3 major fib extensions. Looking for a retracement to $34 before going long for this move. Preparing to short above $36 and continue...
Yeti's IPO Lockup Expiration Date is 4/23/2019. Just by observing the premium on puts, everyone is expecting a leg down into this. Let me know what you think.
Great company. I've been using their products for a long time. Also, I've been trading the stock since day one. Looking for a pull back here.
EW count and subwave count shown. I suppose subdivision of wave 5 is also valid (not shown). We hit the 2.0 extension from wave 3 to 4. However, there is still significant confluence around the $35.50-$36 range, as shown by extension from 1 to 2, and an additional extension from IPO rally to lows. Shorts were opened this morning around $34.25 and looking to add...
Looking at Yeti, This thing has been a true FUCKING BEAST ! Ran %138.55 percent in the last 83 days but at some point even Yeti's have to fight with the bears to survive ! I see a perfect elliot wave structure , this being the 5th wave and also showing bearish divergence on pretty much every timeframe i will be looking for a short. I got my 5th wave projection by...
$YETI Deep into overbought territory now on the daily chart. Expecting some retracement in the very near term. Bearish options activity today with 3k $25.00 strike May put options traded vs OI of about 300 for total premium of $1M. Near term price target - $21.50 by March (~10% downside from today's close) Note: informational analysis, not investment advice.
Entering short positions with stop losses at ATH. Target: $18. Appears we got a reaction at the 1.618 extension, creating the opportunity to reverse and fill the break away gap. Unless a completely new bullish trend is to be established, YETI will want to return to the downwards channel (or at least to the trend of that channel). Although the company probably...
Whose idea was it even to IPO this cooler-box company?
YETI is a short-sell for several reasons, but most notably, because they are an over-valued one-trick pony. If you look at the chart of other one-trick pony's - GoPro would be a good comparison - you will find a similar story. Long-term downtrend expected once YETI "cools off" from the IPO hype.