I have been following W for a while now. Negative earnings, albeit a growing market share and revenue, show that Wayfair still has a while to go before reaching sustainability from an investor standpoint. We should be finding a severe downtrend after finishing an elliot wave triangle with the most recent rally being recognized as wave E. Wayfair has burned me in...
W 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...
