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Most of the today's drop is because of the market but I want to be fair on KMX, it is not really worth even $60. I am evaluating it comparatively. Their loan business is also risky. Their car loan default rate was increased by 10% in last quarter. This will be my last post on this thread since I...

Target price to cover 65

I read their Q&A word by word and studied their report very carefully and I felt no brainer to short it today. I shorted 600 at 75.

yes and even before that. It might drop a little bit but AAPL has tools to fix the issue like a huge buyback or dividend increase. APPL can sell bonds for less than 2% and use the money to buy back the shares. No need to use its pocket money.

People will buy Iphone for two reasons: 1 - it is a good product. I do not mean that other phones like Samsung or LG V20 are not comparable. Basically it is a "GOOD" cellphone. 2- it is overpriced so people can brag about their cellphone. If it were priced lower sales would not go up. You go to...

Put an order to sell Call 175 and buy 165 PUT on LEA for October for credit. It has not gone through yet

Thanks. I will check them. I have to get cash for any trade that I do. If I believe it will go up, I sell naked put and if I believe I will go down, I sell naked calls and some more sophisticated option strategies.

100% agreed. Car sales is not like tech that you can export or dominate the market. It has its cycle and it shows itself in the weekly chart that I posted. It is a short squeeze now. Some buyers who are affected by hurricane will not be able to pay back their car loan and it will show itself in...

They said : "CarMax Auto Finance.(1) Compared with last year’s second quarter, CAF income increased 12.5% to $107.9 million." It is 12 million dollar more profit and the market cap of CarMax increased by 1B today. It exactly reflects the performance !!. One Billion for every 12 million.

Sure I did. I believe it will drop and this run up is mostly because of short covering. That result does not justify this rally. Sales was up 11% but from what? Car sales is very seasonal.

I know past might not repeat in the future but take a look at the weekly chart. The same jump to around $75 happened a while ago and then .......

Carmax reported its earning and it was up 17%. I believe it is a seasonal thing and the sales might inch up a little because of the hurricanes but I guess it is a good idea the fade this rally but you have to be patient. It is not that they have a niche technology or an approved drug. That is my...

Thanks. Good response.

I did not say BA will be in trouble. It is like FORD. If I want to buy a truck, I would buy F150 but if I want to buy a sedan, I would go with Toyota or Lexus or even Hyundai. Deades ago, Ford used to dominate auto industry. BA will be able to dominate top of the line airplanes but small planes...

I do not expect BA to be so miserable to need help from the government but I expect their small plane line of production will be taken away by China. China is not Russia that wants to make its own plane for its own usage. China wants to dominate other countries too by its small airplanes which...

https://en.wikipedia.org/wiki/Comac_C919

Boeing is a great company and the stock is at its 52 weeks high with a seeming strong momentum. The stock is trading at $256 now. Although it seems that the only competition comes from Airbus but China has recently entered into building small planes that is using for domestic flights. These...

I even heard Lannisters are replacing GOLD with BTC. They also always pay their debt.

We ( You and I) are not talking to morons. I do not care what morons will do with my posts. They can burn themselves and go bankrupt and I would not care. I am not twisting anyone's arms to follow me or short or go long anything. I am posting my beliefs on specific stocks and I do not talk fuzzy...

I have done technical work and also trading. I am sure you know trading takes 1000 times more energy than technical jobs. My account is a very very good size account. I don't waste my time on 10k accounts. My average profit from 2004 to 2009 was over 4% a month but with some months with 30% loss...