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livelearnplay OP t1_j6j1gg6 wrote

Reply to comment by UntossableSaladTV in Solid Monday! by livelearnplay

Oh wow this sub really doesn’t want people to make money

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Conscious_Wolf t1_j6j6sd1 wrote

There was some talk about this last week here: https://www.reddit.com/r/wallstreetbets/comments/10i4sjj/carvanacvna_at_what_price_point_do_you_become

I got in when people started posting that they were auctioning off their inventory to dealers: https://www.reddit.com/r/wallstreetbets/comments/zo902s/carvana_has_started_liquidation_process_selling/

Thanks to LittleBullBoy pointing out that insiders buying a ton (over $600millon worth) of shares: http://openinsider.com/screener?s=CVNA&o=&pl=&ph=&ll=&lh=&fd=0&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1

Then finally: Sum of price of cars (assets) >> sum of expenses over 2-3 quarters (aka, they ain't going bankrupt soon). Coupled with the SI %s, then you can see it makes a good short term bet.

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livelearnplay OP t1_j6jcava wrote

That’s too much I’m more of a technical and price action trader, I rarely look at the fundamentals when trading. I called out on Sunday the technical outbreak today.

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Conscious_Wolf t1_j6jeuep wrote

More than one way to skin a cat... I mean,.... make money :)

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bleakj t1_j6ka76z wrote

I gotta say, skinning cats has yet to make me any money

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