Etsy hits all-time highs ahead of earnings. Two traders on whether it can keep winning

Executives of Etsy applaud as they open the Nasdaq MarketSite ahead of Etsy's initial public offering in New York, April 16, 2015.The online retailer, which is scheduled to report its second-quarter results after Wednesday's closing bell, saw its shares surge more than 4% to a new all-time high of $136.29 ahead of the announcement.

"But for me, the valuation's a little bit too rich, trading at 100 times earnings, 50 times operating income, 10 times next year's sales," he said. "So, I'd be avoiding this stock here. Let's see what they have to say on the call. I would expect the environment is set up for them to have fantastic earnings numbers, but I'd be waiting on the sideline to hear what management has to say.

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