Are We Getting a Pre-Earnings Run Up in $CHWY?

$CHWY

CHWY 0.00%↑ is the biggest blemish in my portfolio (the only position I’m currently underwater on aside from a small PYPL 0.00%↑ share) so take this commentary with that in mind.

The (most recent) sell off has been somewhat orderly (RSI never reaching oversold). The company reports on March 20th. I’ve been burnt trying to draw base bottoms in this a few times.

Still, it’s a familiar business that is trading at half its IPO value from 5 years ago, and on some interesting comparable levels to other consumer oriented businesses ($ANF just touched $7bn).

If we get a decent move up into the earnings print, you can be sure a follow-up piece will be written about managing that.