05-05-2021, 01:42 PM
(05-05-2021, 01:06 PM)EricL Wrote: ETSY reports earnings tonight. Might be worth a buy at $65 off 52-week highs.It's crazy how many promising stocks that have pulled back hard while the indexes sit near ATH. I don't put too much stock in Cramer's short term calls but his "three day rule" is valid IMO. It takes the earnings date traders a few days to get in and out. I have about zero trust in earnings day movement.
I thought Zillow (Z) had solid earnings the other day, it is currently 45% off 52-week highs.
Even the sketchy stocks seem to be near a bottom. I'm not looking to buy ETSY now, but it seems that's the quality you can insist on when almost everything high PE has burned to the ground. No need to buy hyped junk.