Why did w (wayfair) move up six times from 21 to 126

[SunTrader]

... They have a great marketing ploy that dumb foolish consumers fall for.

Hey it worked for Buttwiper and Geico for decades.

 

[S2007S]

about to short this hyped overbought stock!!!!

 

[S2007S]

Short at 168.xx

 

[Amun Ra]

Short at 168.xx

That seems like a smart move, but I thought shorting anything above $130 was smart also. Luckily I was not in this trade with that big jump up. This stock is very irrational. If you pick the right direction, you can do well though.

 

[Cuddles]

let's be honest, 50% of the population is why wayfair is doing so well

 

[Edmond]

Short at 168.xx

168 is Lucky Chinese numbers.

 

[zdreg]

168 is Lucky Chinese numbers.

189 now Can you afford a Chinese meal now? What is the next higher lucky Chinese number? or did you mean that 168 was a lucky number for a breakout to go long?

 

[Amun Ra]

This is insane. The company can't even turn a profit. The higher their revenue, the more money they lose. What do people think they're buying?

 

[zdreg]

This is insane. The company can't even turn a profit. The higher their revenue, the more money they lose. What do people think they're buying?

cheap furniture.

 

[Amun Ra]

cheap furniture.

The buyers of that furniture are getting a good deal, no doubt. Company sells stock to stockholders, then sells the furniture at a loss which means if you own this stock, you're literally paying for peoples furniture at least in part. And they hold the stock in the hopes that one day they wont be. I see no evidence they will ever turn a profit.