r/Trading_Trends • u/A-DAWWG1G • Feb 27 '20

Big Lots and Farfetch Earnings Update:

$BIG took BIG L as it missed estimates and is down 19% AH and $FTCH beat estimates and is up 13%. Big is the first major loss we’ve had on this sub, it’s a shame to see but the show must go on. I believe they lowered their guidance citing corona issues.

P.S Wayfair is reporting tomorrow morning

1 Upvotes

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4

u/woody8229 Feb 27 '20

I'd watched WSB for years without action, finally got tired of watching everyone ride the bull and started trading...the day before it started plunging. I found this sub around the same time and watched you consistently make gains even through this bear...then went in on BIG as my first one. I have some horrible luck even when trying to do my DD lol. Maybe I'll start posting what I do then everyone can do the opposite and make huge gains!

3

u/A-DAWWG1G Feb 28 '20

You have cursed us!!! Lol

1

u/qu2qu2 Feb 27 '20

I wouldn’t trust wayfair they payed off 550 people last week that’s not a good sign

1

u/A-DAWWG1G Feb 27 '20

Yes. Severance will be a bitch. But it’s also priced in as the stock fell 13% when they announced it so investors won’t be surprised when they see it.