Wayfair: a great short hereW has reached 100% extension target and the impulse move higher looks to be exhausted. The R/R on shorts is good here for a move to the 50% retracement.
Wayfair
Wayfair: Chart Overextended and Price way beyond FundamentalsYou can see that selling on the upper red line has rewarded shorts in the past and I believe that this is a great short opportunity here - one of the best i have ever seen. We have got way over extended and fundamentally the price is just way too high for a this company, even with the 'shopping online' narrative that has been done to death. Overstock is the much better company in reality. Margins are just too small for furniture and you only have to read Wayfair reviews on the likes of Trustpilot to realise how poor their products are. I think we should at the very least see a retrace back to the 250 levels here.
When Will The Creep Organization Run Out Of Pump?Monster sized gains since march this one has been on a massive run over 600% in gains!
Once this one shifts red I'm taking my shot at it.
Lots of bad rep in the media been going viral on all social media outlets.
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Google trends popping off for wayfair currently.
WAYFAIR (W) 07/12/20 POSSIBLE SELLALL THE ALLEGATIONS AND CONSPIRACY ABOUT WAYFAIR. PRICE HAS BEEN UP THERE 5 DAYS AND CAN'T BREACH $230 PRICE. EXPECTING PRICE TO DUMP WITH POTIENTIAL TARGET OF $200. CHECK OUT MY YouTube AT NOEFXX.
W ShortWayfair Inc. (W) has been caught in a serious situation of allegations accusing the company of involvement in a human trafficking ring. The hashtag #WayfairGate was trending on twitter as thousands were bringing the issue to light. From a trading standpoint, Wayfair has been looking like it may be a potential short, with weak indicators and currently an ascending triangle pattern. With this news coming over the weekend, Wayfair may see heavy selling volume at open on Monday, which will look to possibly fill the first gap at the beginning of the chart pattern, and possibly further down to the open of its July 1 price surge.
Wayfair: Now is the timeAs 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.
$W - Wayfair Weekly Short OpprotunityToday 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 many more local furniture stores, IMHO people still like to sit down and checkout the furniture BEFORE they buy!
Still I don't get any logical reasoning for this to continue going higher. I am not impressed with their latest 10Q which all the hype was around the new orders and what not. Still they are REPORTING A NET-LOSS! Plus a lot of the numbers look better in 2019 compared to 2020 which also isn't a good thing. Here ya go check it out for yourself!
www.sec.gov
Anyhow I am watching the $100-$120 P
GLTA & don't get fomo & buy the top it SUCKZ!
W: Wayfair. Short Entry ConditionsSome 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, from online to consumers, to (Online + Offline) to consumers, its growth will be stunted. And this will only take a few quarters to reflect on their earnings report growth figures.
- this is not a long term stock to hold, neither is it a short term one, as I will have listed the conditions for entry below
If you disagree, consider:
=> what conditions regarding the stock caused it to be trending downwards before the coronavirus
=> how much has the coronavirus affected those conditions?
=> are these changes sustainable, will they diminish, will they get stronger?
Conditions:
1. Price $199
2. PA and volume showing unwillingness to go beyond.
without meeting these conditions, it would not be wise, for me, as a trader, to enter a position against the current trend, regardless of how tempted it might be.
Its time for Wayfair to chill out!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 less in the near term.
OSTK Bull Run ContinuationBTC pumping, market pumping, Wayfair pumping, tech pumping.... this move is obvious.
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
$W Launches to Key Test as Pseudo-Monopoly Gets SpottedW 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, Ponzi Scheme UpdateW 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.
W UpdateThis 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 when the Feds disappoint next week.
Alex Vieira Closes Wayfair Short $53 After Downgrading $163Alex Vieira Upgrades Wayfair $53 PRICE TARGET HIT TO NEUTRAL After Downgrading Strong Sell $163 informing everyone to dump above $158
Wayfair Ponzi Scheme - I feel vindicatedI 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 able to finance their losses by issuing more shares or borrowing money. They will run out of cash in 2 years, book it.
Three Percent Trade Idea: Go short WHere 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 probability set-ups, and believe this is a great opportunity to take advantage.
Wayfair Ponzi Scheme CollapsingFor 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.
Wayfair Bubble PopI'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 money bleeding company.
This is how the dot com bubble ended, companies diluted their chares until shareholders gave up and nobody wanted the stock anymore.
So anyways, we're seeing some bubbles popping while different bubbles are forming.
