Wayfair Ponzi Scheme Quarterly Loss Report due Friday Morning
Wayfair will be reporting its quarterly loss this Friday morning. If I was inclined to short anything in this market, it would be W.
That being said, I have no position. It's really hard to short a Ponzi scheme in a bulltarded market. I expect their annual loss to be over half a billion dollars, but that's worth a $10B market cap right, lol?
The only reason why this keeps going up is because it's 120% owned by institutions. That's right, all of the shares being traded daily are borrowed shares, and Fidelity seems inclined to buy more. Complete Ponzi scheme.
That being said, I have no position. It's really hard to short a Ponzi scheme in a bulltarded market. I expect their annual loss to be over half a billion dollars, but that's worth a $10B market cap right, lol?
The only reason why this keeps going up is because it's 120% owned by institutions. That's right, all of the shares being traded daily are borrowed shares, and Fidelity seems inclined to buy more. Complete Ponzi scheme.
Comment:
$400M loss for the fiscal year = $14B market cap. I was obviously wrong earlier this week, lol.
I keep telling people that you can't trade on fundamentals in a bubble market, If this isn't proof, I don't know what to tell you. Be careful shorting anything right now, at least until after the China trade news.
I keep telling people that you can't trade on fundamentals in a bubble market, If this isn't proof, I don't know what to tell you. Be careful shorting anything right now, at least until after the China trade news.
Comment:
Krap, I was right the first time, half a billion loss for the year $13,5B market cap now after a slight dip. Looks like some of the bagholders left 'cause it finished at the previous ATH.
Just about the most hilarious thing on the market right now. They'll probably squeeze the shorts to $200, lol.
All I can say is get out of Fidelity Growth Funds before next quarter. hey own a stupid amount.
Just about the most hilarious thing on the market right now. They'll probably squeeze the shorts to $200, lol.
All I can say is get out of Fidelity Growth Funds before next quarter. hey own a stupid amount.
Comment:
They should call this stock Charmin, they're squeezing it when they really should be using it to wipe their butts.
This stock continues to make me laugh. If you're looking at this and you still believe that fundamentals have anything to do with trading, then I don't know what to say. All the shorts scrambling to find shares to buy in a bankrupt POS company. Look for companies with >100% institutional holdings regardless of profits, they can't be losing more than Wayfair, lol.
This stock continues to make me laugh. If you're looking at this and you still believe that fundamentals have anything to do with trading, then I don't know what to say. All the shorts scrambling to find shares to buy in a bankrupt POS company. Look for companies with >100% institutional holdings regardless of profits, they can't be losing more than Wayfair, lol.
Margin increase is good news, but if it's not enough to make a profit on record revenue, when are they going to make any money?
Never short a company with >100% institutional ownership, those borrowed shares get hard to come by.