full disclosure I'm long @36, 39, 40.50, and 42....expecting to hit $60 by May.
Sentiment: Strong Buy
I guess you were not around when everyone was trashing them with a "SELL" at 400. The same with the banks in 2008. Stay Away, Stay Away was the street's message while they were buying the #$%$ out of them. BAC-$5 C-$3 and ING-$7 were by against-the-grain. Check those prices now. Last year LULU-$38.50
Sure reminds me of the negativism on APPL @400, NFLX #$%$ and TSLA @$30. Shorts have a max profit of $5 coming in the next qtr. May is normally good reported earnings and growth. Bar is set low. Watch how the game is played; 60 by June. BTW, I bought LULU @ 37 the day they posted very negative earnings...took about 6 months and now wallstreet loves them again @65.
Were really close to a bottom. I just don't see this staying here or lower. The company just has to find a way to grow users and businesses. Everything mention on this board can be fixed. +50% reminds me of the ntflx fall from 110-55. Company go it act together and you all know the rest of story. Would not be surprise to see an activist investor come out next week. The company did not say "No Growth" Market overacted and everyone through it out of their portfolio. See 55 by May!
Your problem is you continue to listen to the street and went short. I've been the contrarian and have been loading up from 36-38 from the fall. You don't offer the best instant news product with every TV show like idol, academy awards, voice and have it in customers face without using the product. User growth will explode in the future. FB and Twitter will be linked one day. 22% of my portfolio is in twitter, while on 2% is on my free FB shares. When we cross $72 next year I will completely pull my initial investment out. Shorts are very lucky it didn't hold 45 last night.
I'm totally in ahh with the drop from 5 to hear....market rebounds and were flat. So tired of this company not making progress.
I have several 1000 share lots for sale. First lot $35, 2nd lot $40, third lot $50, and final lot $70
Wayfair LLC (NYSE: W) was started with a Buy with a $34 price target (versus a $26.71 close) at Janney Capital Markets. This appears to be the first analyst rating from a well-known firm after the Wayfair IPO.