BukkakeTemperateRain t1_iuh9e42 wrote on October 31, 2022 at 9:40 AM

I bought some long puts at $20 because I figured this company is doomed based on their debt loads and lack of earnings. I feel this is still the case, but how long will it take for the company to go low enough for you to make a decent return? How long will it take for the market to realize this company is a sinking ship and drop below even $14 a share? Just because you're right doesn't mean you'll make a lot of money.

thumbulukutamalasa t1_iuj8vxi wrote on October 31, 2022 at 7:13 PM

The markets can remain irrational longer than you can remain solvent

Motobugs t1_iuhb8fh wrote on October 31, 2022 at 10:06 AM

I feel it should not be long. Based on my observation, more dealers now will accept MRCP price for new cars, no more adding options. For me, that means the used car market is cooling down.