Posted on January 4, 2021
So crafty, that…
We’re playing the online marketplace for all things unique and crunchy today, ETSY Inc. (NASDAQ:ETSY), because everything that rises must be purged.
Etsy has some fundamental problems, you might say.
The stock faces a volatile future.
There’s no question the company had a couple of very impressive quarters, as the Batflu online-buying craze ratcheted up sales and earnings.
Will prices remain at their current levels?
We’re arguing, no.
And insiders appear to agree with us. They’ve dumped over $80 million (!) in stock in the last six months – a full 50.17% of their holdings.
For that reason, too, we’re suggesting the top for the stock is already behind us, and an intermediate term trend reversal is now underway.
Best of luck with it, brethren. May the Holy One bless you with winnings only.
With kind regards,
Hugh L. O’Haynew