I've been watching ETSY for a while and they're a solid company with a solid cashflow and have very satisfied customers and vendors and Etsy gets to provide a low overhead marketplace for the two participants to do business with each other. They didn't rise much during last week's rally which tells me that this week is now their time to shine for the alpha...
Expect ETSY to cross over $70 mark within next 15-20 trading days and possibly break out up to $80 but the latter is speculation.
Tuesday will be opening 10 June 21 $70 Calls & 5 June 21 $75 Calls.
At very least with $70 calls would expect call price to increase by $1.75 within 3 weeks.
ETSY has been consolidating within a standard box pattern for the past several weeks, and has broken out of its initial trend line resistance, ready to test the upper region of the box at 73.50-74. Whether or not it breaks from there remains to be seen, but a test of 74 would yield 3+ points per share. Not a bad return.
Investors love it, analysts love it, sellers love it and customer love they unique products and approach. Etsy is not trying to, or ever will try to, compete with Amazon, thats what probably makes it such a great company with great ethics and products. They emphasis is on quality of product and providing a marketplace for unique products at reasonable prices, fair...
Morning brief helps me review my though process. Don't trade without knowing the risk. Counter trend trading is very risky. I don't do stops, I manage the risk which took me years to master.
Following the pattern definition, we should see momentum continue (+ $15-$20) after the pattern completes. With only 30 days till ER, this price looks to be a nice entry.
www.investopedia.com
Etsy, Inc. (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company's community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors. As of December 31, 2016, its platform connected 1.7 million active Etsy sellers and 28.6 million active Etsy buyers. Etsy sellers join its community to participate in its markets to express their creativity. Etsy sellers range from hobbyists to professional merchants, and have a range of personal and professional goals. Its supports a group of artists, makers, designers and collectors from around the world. Its services platform includes seller services, seller tools and education. The Company's seller services include Direct Checkout, Promoted Listings, Shipping Labels and Pattern by Etsy.
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ETSY
