Can Etsy Keep Up This Momentum As The Economy Reopens???

image.png

Etsy is a peer-to-peer e-commerce website where users buy and sell handmade crafts, vintage items, art, and photography. The site launched in 1998, grew steadily and had an initial public offering (IPO) on the NASDAQ (ETSY) on April 16th, 2015, priced at $16 a share. That same year, Amazon announced, Homemade, its competitor to Etsy. But like Amazon, Etsy was building all along for an event like COVID-19.

Last March, when the Markets crashed, so did Etsy. I actually shorted Etsy back for a short-term profit, after noticing a huge reversal. In early April of 2020, health officials encouraged people to wear face masks…this was Etsy's moment. The company saw a surge for fabric face masks right and the rest is history. I’m actually shocked Etsy is still going strong, but maybe this is the new normal.

https://www.youtube.com/c/YahooFinance/videos

If this is truly the new normal and if Etsy can maintain it's momentum as the economy reopens, the chart suggests to 4 hr demand at $185.

image.png

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

Posted Using LeoFinance Beta



0
0
0.000
11 comments
avatar

Congratulations @rollandthomas! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You have been a buzzy bee and published a post every day of the week
You have been a buzzy bee and published a post every day of the month

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

Hive Tour Update - Financial stages
0
0
0.000
avatar

I absolutely love Etsy simply for the fact it empowers people to work from home and create things they love and then get them out to a huge worldwide audience for sale.
Of course, it would be better if it were a decentralised, blockchain-based enterprise without shareholders but hopefully, Hive can fill that void one day!
Best wishes to you :-)

Posted Using LeoFinance Beta

0
0
0.000
avatar

I love Etsy too and was a seller for three years - it really is that fun.

I’m looking forward to @thelogicaldude’s commerce project cause I’m ready to revive my Etsy Shop via the blockchain.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I love Etsy

If you go in the seller forums there are lots of complaints from the “original” sellers claiming that “Etsy is dead” because “they took the heart out” and bla bla bla and “they only care about their investors.

Which is why their numbers are so great!

Etsy loves their investors.

Posted Using LeoFinance Beta

0
0
0.000
avatar

They also have COVID-19 to thank for their success.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Oh yes, last year when I saw their campaign to make masks... I knew they were up to something good.

0
0
0.000