/biz/ - Business & Finance

I sold ETSY today.

Good:
Profit of 8.3%, $1845

Bad:
If I would have waited about an hour I could have made another $1200. Fuck me.

Thoughts on Etsy?

Some are saying it is going to $70.

Don't buy Etsy

I now own 360sh's of ETSY. That is my disclosure.
It is currently trading at $55/sh.
I think it is going to double.

I'll give you a quick rundown. Right now it is trading as a sector in line with eBay. Matter of fact once you adjust shares outstanding to share price eBay and Etsy trade at exactly a 5 to 1 ratio. The exact market cap difference between the two!

I'm not going to bore you with my math. I'm sure others can do it better. But why are the stocks trading on a 1 to 5 market cap ratio when in earnings they are trading at a 1 to 3 ratio? Plus eBay isn't growing very fast, while Etsy is growing extremely quickly.

So if we go from a 1 to 5 ratio to just a 1 to 4 ratio, not even going to 1 to 3 (like earning reflect) we are looking at an easy double in share value.

>tldr ETSY is going to $110/sh. inb4 when.

Any etsy sellers here?

Do you recommend it? I'm thinking of selling some of my prints for about $5 with shipping, good idea or no?

You did buy Etsy before earnings, right?

Why aren't you buying Etsy, anon-kun? :)

Any axons have experience selling on Etsy?

I've been thinking of reselling mass amounts of Chinese garbage on there, but I'm not sure how successful it would be with all of the other garbage already being sold on there.