W trade ideas
My $W short thesisThe monthly $W chart looks like a great short here, I picked up puts on it yesterday :)
$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.
$W Overbought Short targeting 91-95 Bearish longer termOverbought RSI and MFI ... Bearish candles suggested to back test levels between 91-95 for possible long term up run but if these levels broken then perhaps its looking for new all time lows below previous year bottom ..
Buy and sell opportunityChart and trend analysis:
Monthly timeframe - up
Weekly timeframe - down
Daily timeframe - up
Hourly timeframe - up
Trade action:
Long-term opportunity - BUY
Short-term opportunity - SELL
Important points:
1] Both, buy or sell zones have 2 price levels, color-coded for your understanding: Green (enter a trade), Red (exit the trade or stop-loss)
2] Your choice of buying or selling depends on your timeframe (long term wealth investor vs. short term income trader).
3] Follow our T4 strategy when the price reaches the zone: wait for a bullish and bearish reversal in buy and sell zones respectively.
4] Risk management strategies are critical in any trading or investing activity such as position size (how much to invest) or stop-loss (knowing when to exit with an acceptable, predefined, minimal loss).
Visit us to learn more: www.usstockadvisor.com
Wayfair Ponzi Scheme Over?Revenue flat while losses keep getting bigger. Can;t use expansion as an excuse for negative margins anymore, any idiot can sell stuff for a loss. This company is never gonna make any money.
Headed to zero eventually, only a matter of time now. The big movements will happen on earnings of course.
$W Above 87 will go up to 99 then fall again to new lowsEntry for bullish move above 87 Possible bounce after Friday candlesticks with good volume suggest short-term bounce to close some of falling gap or up to 99 then continue falling as all indicators showing extreme oversold . MFI at lowest point suggest coming bounce -
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.
[Short] WayfairWayfair consistently loses money and has an unsustainable business model.
I see a breakdown of a large trendline, with a decelerating volume bear flag backtest. Not to mention a looming recession.
I like shopping there sometimes for pretty cheap stuff. My bed frame is from Wayfair.
Short via Nov15 put spreads.
$W Nobody digging this turd. That daily is nasty I dont know if this is ready for a panic bounce but I will watch it
Wayfair impending price action reversalWayfair is at a 0.786 retrace of a prior uptrend (A -> B on the chart), and is showing very clear RSI/MACD bullish divergence. There is a zone of confluence at $136 where one might take profit on a trade. The stop loss is set just below historical support at $106, for a total risk/reward of 2.76.
If there is a price action reversal, up to $144.30, a bearish Gartley pattern will be complete. One should not risk holding a long position up to this point. Instead, consider taking a short if divergence appears on the oscillators.
Happy trading!
$W Stock has treated me like shit in past but dammit this chartjoker looks good here I hate this stock but maybe you can run with it 136 is big on this
