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CHWY - Chewy, Inc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Jun 14, 2019.

  1. T0rm3nted

    T0rm3nted Moderator
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    [​IMG]
    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.
     
    #1 T0rm3nted, Jun 14, 2019
    Last edited: Jun 20, 2019
  2. T0rm3nted

    T0rm3nted Moderator
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    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

    upload_2019-6-14_10-47-19.png
     
  3. Lonnie Ray

    Lonnie Ray Active Member

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    In at $35.18
    Looking for more at EOD if traders don't want to hold over the weekend.
     
    T0rm3nted likes this.
  4. T0rm3nted

    T0rm3nted Moderator
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    Just a small gamble for me.
     
  5. Onepoint272

    Onepoint272 Well-Known Member

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    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:
    upload_2019-6-15_0-9-47.png

    Point & Figure projections using 5-min data, a 50-cent box, and a 3-box reversal:
    upload_2019-6-15_0-12-25.png
     
    #5 Onepoint272, Jun 15, 2019
    Last edited: Jun 15, 2019
    T0rm3nted and bigbear0083 like this.
  6. T0rm3nted

    T0rm3nted Moderator
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    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.
     
  7. T0rm3nted

    T0rm3nted Moderator
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    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.
     
  8. Lonnie Ray

    Lonnie Ray Active Member

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    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.
     
    T0rm3nted likes this.
  9. T0rm3nted

    T0rm3nted Moderator
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    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.
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Just read that a couple insiders including the CFO bought $4 million worth of shares.
    I like when the CFO buys.
     
    T0rm3nted likes this.
  11. Lonnie Ray

    Lonnie Ray Active Member

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    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.
     

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