Closed out the last of my Etsy position twelve cents below my profit target of $20, as they say don't be a dick for a tick. Finished trading for the year. Time to take it easy for the last three weeks of the month and enjoy the holidays.
Congrats UD on hitting your target ! I believe I'm going to stick with the trend a bit longer. Based on the work of Linda Raschke, when a trend has about 7 or more closes on one side of a 5-day SMA the trend is having an extended run and probabilities say to enter or add on the first close on the other side of the 5 SMA. However, the exception to the rule is if the trend has stayed on one side of the 5 SMA for 18 or more closes because then a reversal is more probable. I've observed this, so I think its legit, but I have not thoroughly tested it. So in the case of ETSY, it has now had 7 daily closes above the 5-day SMA, so I should be looking to add again on the first close below the 5-day SMA....unless that doesn't happen until 18 closes above the SMA. The other exception I have is if I see climatic price/volume action, then I may get out. Staying with a trend is harder than it looks. Daily chart after 25 minutes of trading on Tuesday Dec 12th
Looks like a stick-save today on ETSY...sweet. Hopefully it'll hold 20.07 today. Trying to ride this to $29. Daily on Fryday as of 12:14 central:
Decided to sell yesterday (Wed, 2/21) at 21.525 on the revelation of the selling tail on the daily stick. 24.5% gain after comms. I'll wait to see how it reacts to today's price action and decide whether to re-enter in the next several days before the ER next Tuesday after the close. It still has cause built for an effect to $29.
Bought back a 1/2 position at 21.01 just before the close and the ER. Up to nearly $25 AH and settled in just above $24. Apparently their guidance improved. Of course I know the real reason for the rise...the big money had already accumulated a large enough line and locked it in a box vowing not to sell until about $30.40. I had previously calculated that 8 columns of cause were needed in this re-accumulation range for it to be ready to continue its journey to $30. I was assuming a retracement to 20.40. The actual retracement was to 20.80, so it gives an exact agreement with the base-count target of $30.40. Tomorrow should begin the mark-up right on schedule. Gotta love manipulation.
Sold on today's upthrust. Hopefully it gets a decent retracement so I can buy it back cheaper. Point & Figure target is $30.40 (see above).
I suppose you could say that. They mostly have home-made and cottage industry merchandise along with hobby supplies. Say you want to skin those pesky squirrels that's been raiding your bird feeder and make yerself a nice squirrel-skin steering-wheel cover for your lady's Buick Regal and a nifty squirrel-tail antenna-streamer for the smoke wagon....yeah, that's right, ETSY's your place to get the tools you need to get that job done. You ain't gonna find that stuff at the Walmart.
Now that you mention it, I do have a ground squirrel problem. I was thinking of the Cady Shack way to eliminate them.
That link in last post, 2 years ago, is still active. Nearing $300 now, one of the few stocks that looks to me like it could outperform even TQQQ.
Etsy shares are trading higher after the company reported better-than-expected Q4 EPS and sales results. Feb 25, 2022 8:14a ET
