yikes ! It appears people are no longer buying as much STUFF as they used to a permanent change in buying habits away from things to experiences..
Harry has posted Charts of the Day video on WSM at TheTechTrader site noting Williams-Sonoma Inc. (WSM), which I gave you as a short in the high 70’s. Now it’s in the high 40’s, and yet, another bear wedge, which tells me it wants to go to the low to mid 40’s. On Tuesday, it was down 57 cents to 51.07, or 954,33 shares traded.
It would be really nice if CNBC took Cramer off the air. He is losing money for the investor, investor's friends, families, including children and grandchildren. Call CNBC and request he be taken off the air.
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Harry has posted Charts of the Day video on WSM at TheTechTrader site noting: Williams-Sonoma Inc. (WSM) had a beautiful rising bear wedge, it cracked twice and formed a bear wedge each time. The fifth wave appears to be under way. It looks like this stock is headed to the 63-5 range.
Harry has posted Charts of the Day video on WSM at TheTechTrader site noting: On the shortside Williams-Sonoma Inc. (WSM) looked about to crack after multiple weeks of consolidation, and then finally the big down drop. It’s 2-waves down, wave three could take it all the way down to the mid 60’s or lower. On Wednesday this stock was down 1.39 to 74.78, or 2%, on a million shares. Keep an eye on this one.
Exactly the type of high margin products that I would want a firm to sell ........its priced
at that level for a reason and probably has a valid target market at its current price point.
exuberance and money galore buys anything these days...
I also think it is going much lower slowly as pros sell to naive newbies..