Etsy, Inc. operates a marketplace to make, sell, and buy goods online and offline worldwide. The company through its technology-based platform connects a community of sellers and buyers. Etsy sellers offer goods in various online retail categories, including jewelry, stationery, clothing, home goods, craft supplies, and vintage items. The company was founded in 2005 and is headquartered in Brooklyn, New York.
Etsy shares jump 10% as upgrade bolsters bullish tone Shares of online crafts marketplace Etsy Inc. surged 10% Wednesday, after Monness Crespi Hardt & Co. turned bullish on the stock, upgrading it to buy from neutral. Analyst James Cakmak said it was the first time the research firm had become constructive on the stock ETSY, +9.32% which it originally initiated at sell in October of 2015, before upgrading to neutral in November. http://www.marketwatch.com/story/etsy-shares-jump-10-as-upgrade-bolsters-bullish-tone-2016-09-21
Something else I've accumulated over the past few months and holding. Should see some action soon. Last time I checked, P&F objective is $20.
I'll be making final buy, the biggest, next week. The cause built in this re-accumulation range now matches the base count. It is ready, just in time for the ER on Feb 27th. The shrinking volume and volatility thru this trading range is an indication of accumulation. It is getting harder and harder for the big boys to find large quantities of stock for sale; the supply is drying up. The higher and higher lows show the appetite of the wolves for the few remaining weary sheep. They will let it go up and out of the range very soon I suspect and draw the public's attention back in for a mark-up to the $20 target (55% gain from here).
Shares of Etsy ($ETSY) may also come under pressure after the company reported a wider fourth quarter loss. However, the online crafts seller’s adjusted earnings beat analyst estimates.
Still holding this despite the downdraft after the last ER. So far, there hasn't been follow-thru to the downside. Looking at the little trading range (TR) that has developed after the ER downdraft, I'm cautious because of the weakness in the background, but it could be just a shake-out of the larger TR. Last week and Monday it tested the selling climax bar on lighter volume (supply dried up) and found support at a higher level. Also, the indicators are in an explosive position (short and long-term momentum both sloping upward about to cross into positive territory). Do or die here.
I like this stock, lots of long term accumulation on the weekly along with the higher low on Monday. Took a small position long today, the close above 10.50 shows bullish strength to me.
Online craft products company Etsy ($ETSY) is moving sharply lower in pre-market trading after reporting a first quarter net loss on revenues that came in below analyst estimates.
To catch up, I took profits just under $14 back in June and later at $17. Today I bought back in, near the close, at $16.50.
I think ETSY has potential. In this world of hard technology people still have a yearning for the simple, non-tech, real quality things; things made by hand that they can touch and treasure for years or generations.
I'm pretty bullish on etsy, mostly because of the huge shakeout they made after the 5/2 earnings miss by 1 penny. There is definitely a composite man involved and he hasn't finished marking it up. As for it's business model I have no idea.
I bought another traunch near the close yesterday. Daily Chart about 30 minutes into Tuesday's session:
Okay, but I guess I should've said no more "initiating a position" on a breakout rather than no more "buying a breakout". I was just adding ETSY here since it is moving my way. I'm not absolutely sure there is a logical difference though. Doesn't it seem like instincts or intuition mean more than anything else many times? Or maybe just dumb luck. Whatever it is, it's working this time.