Wayfair looks like a simple short ahead of earnings IMO
Diupdate
Looking 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.
W
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.
WCatatan
Candle setup from previous drop in October has similar candle as today... Catatan
Boom goes the dynamite. In short signal I trust.
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