Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications. It offers approximately 45,000 products from 1,600 partner brands. The company was founded in 2010 and is headquartered in Dania Beach, Florida. Chewy, Inc. is a subsidiary of PetSmart, Inc.
Today's IPO. With how IPO's have been doing lately, I figured I'd take a shot on this one. I'm in at $37.10. 1 Minute candles below
I wish I had time to play. I suppose you guys need to have a stop somewhere around 32. You've got weakness (selling) in the background so it'll need to show a sign of strength (large greeny with heavy volume). But before they do that, they might just dip it under the range to shakeout the weak hands and then drive it higher (a terminal spring). If that were to happen, there's nothing wrong with getting out and getting back in a little higher once the spring is confirmed. 5-min bars: Point & Figure projections using 5-min data, a 50-cent box, and a 3-box reversal:
I averaged down my small position today at $33.389. Average price is now $35.25 Will not be adding on, and done with the gamble after this. Didn't play out the way I hoped based on some of the hot IPO's this year. Whatever happens, it hasn't been that bad. The key is to make all of your gamble plays small so it's just fun and doesn't affect you at all really. I was just hoping for one of those 100% gainers in a few days.
Just closed my position at $35.35 for basically a wash. Didn't play out opening day like I was hoping, so didn't feel like the gamble was worth it anymore.
I'm holding a little longer. FOMO may set in today. Target is 20% gain which would be a little over $42, but I'll have to monitor.
Good luck man. I was hoping for the first 2-3 days 100% jump. When it didn't play out like that, I figured this isn't the type of trade I was going for anyways. I'll be rooting for you though! I obviously sold way early. Up to $38 today pre-market right now.
Just read that a couple insiders including the CFO bought $4 million worth of shares. I like when the CFO buys.
I sold out. This not running like I had hoped. I will monitor and possible jump back in when the quiet period ends and the company can issue PRs.
Chewy (CHWY) Breaks Out Mon, Mar 30, 2020 Online pet store Chewy (CHWY) is one of our "Stocks for the COVID economy." Consumers still have to feed and tend to their pets even during a pandemic, and instead of going to the pet store, online delivery is the new norm. Who knows how many customers Chewy has added over the last month or so, but we'd guess it's a lot. And with a platform that allows for "auto-ship" of products on a regular basis, we'd also guess that these new customers will be sticky. CHWY fell 36% from a high in late February to its recent low in mid-March. Since making that intraday low on March 12th, however, the stock is up 76.5%, and it broke out to a new high last Friday.
In my job, I deliver stuff. My next purchase is going to be CHEWY. There is not a day where I don't have at least 3 of these boxes and I'm one of many. The pandemic has changed the face of shopping as we know it and unfortunately a lot of Mom-and-Pop businesses (small pet shops) are going under. Americans spend billions on their pets and I wish I'd paid more attention last year when I first started to see the boxes. I'm hoping for a low-to-mid 70's purchase and it's going to be a long term hold.
I really wanted this in the mid 70's, but got antsy. I got in at 93.10. I have cash to load up when it drops.
I gave up and bought while it was rising, and I'm happy I did. I keep teasing a coworker who had CHWY at 20.00--he sold within a couple weeks for something else.
I had decided to pull the trigger at that area the SAME DAMN DAY Cramer announced it. It started to fly and I had a serious case of the FOMOs. Edit: If it continues to drop, I will continue to buy.
