by Gavin M.
ETSY - you either hate it or love it. In a market full of companies that don't make money, I am quite shocked that they did not take this down further. After a few interesting mentions by GOOGLE, the stock popped to 22. Nobody knows whether it is to fill the gap or a deadcat but it is quite funny. As posted before, we warned clients to take a look at ETSY for a deadcat play and it worked out quite nicely. I will not outline the reasons we provided to our clients because that is privileged information but this bounce was very big and made for quick gains. I am obviously out of ETSY soon as I saw the gap fill at $22. As the greedy traders in this market would do, they probably are still in waiting for a bounce to $28. Where ETSY goes now depends on the hype and the ridiculous press releases they come up with soon. However, as a trader, seize on every momentum opportunity that presents itself because that is the point of making FAST MONEY. Some people hope and dream and some will go out there and make it happen. Decide what kind of a person you are.
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Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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