Takeaway: We are removing W short from Investing Ideas today.

"With Wayfair (W) stock down -7% today, I want to take it off our list and look to add it back on another squeeze higher (if we get one)," writes CEO Keith McCullough. "Fundamentally, Retail analyst Brian McGough remains bearish on W. This is a risk management decision."

***No change to Retail analyst Brian McGough's fundamental short call on Wayfair. Click here to read our analyst's original report.