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Not much to say here....
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Note: SFIX did something very similar 2 years ago. High probability that this drops in half after earnings.
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Looks to me like it's headed back over $60, so might as well wait until tomorrow to add more (or start a position if you haven't already)
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Just realized they have 3M treasury shares, so they'll probably post a profit based on the value of their own stock holdings. Going light on this play.
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Wow what a terrible call. They beat huge, and they're only at 2B market cap so they have a lot of room to go up until people start going back to malls. $780M sales this quarter, their P/S ratio makes sense despite the parabolic rise, now that they actually posted a profit.
Not shorting this again for a while. Glad I went light.
Not shorting this again for a while. Glad I went light.
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$.84 per share profit vs losing money every quarter since existence....
That is indeed impressive. Can't short this until spending habits change back. This is probably headed to new ATH before next quarter, assuming sales continue, it's not unreasonable to hit $100, and they would still be undervalued compared to W.
That is indeed impressive. Can't short this until spending habits change back. This is probably headed to new ATH before next quarter, assuming sales continue, it's not unreasonable to hit $100, and they would still be undervalued compared to W.
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@AliRizvi, nope, lost money on a couple of puts, leaving it at that.
It definitely will go up though, lots of room. New high for sure.
It definitely will go up though, lots of room. New high for sure.
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@hungry_hippo, i mean "no way" to you shorting this. Yeah EPS beat 1000%. Retail and blockchain grown over 100%. They were spending alot before on blockchain but now their blockchain is generating it's own revenue. Also, good that retail is not loosing $. But like you said, very low market cap. Wayfair is 20billion, Shop is 120 billion, Amazon Trillions. This stock is only 2 billion. Can x 10 long term easily!
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@kjbint, can't delete stuff dude, besides it wouldn;t be right. I'll admit the mistake and move on.
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