This is what I see... unfortunately, I'm not really feelings the vibes from the market, forums, etc. -- I'm thinking this is a bull trap... If Jim Cramer is telling you to buy, then it is possible the big, institutional money is looking to dump... No matter how great a company, valuation is subject to change... I think this will fall below 25... not playing any options, just my thoughts...
That said, as a dog owner and CHWY fan, I hope it proves to be regular, bullish triangle/wedge, and pop above 40 for everyone!
PaulDeep19131
⋅
Also watching very closely.
Based on how they cater to pet owners (obviously) I can't see it tumbling down like some other IPOs as they focus on "pet humanization" which not many others in this industry do. Even in downturns pets aren't going anymore and these days people are in love with their pets as a literal part of their families.
As I predicted a few days ago, I think we finish around 35 for the first day with slight upside next week (36-40/share) and then it increases drastically later this month.
That said, as a dog owner and CHWY fan, I hope it proves to be regular, bullish triangle/wedge, and pop above 40 for everyone!