VRM and CVNA and PTON for short
- Thread starter Jdesey
- Start date
too many mistakes
VRM and CVNA and PTON are too late for short
I just read a great article that Carvana and Vroom are continuing to lose money big time.. the charts look beautiful.
I am thinking about closing long Puts position.
It's the same thing with Peleton. Some say it could go bankrupt.
VRM and CVNA and PTON are too late for short
I just read a great article that Carvana and Vroom are continuing to lose money big time.. the charts look beautiful.
I am thinking about closing long Puts position.
It's the same thing with Peleton. Some say it could go bankrupt.
Buy the rumor sell the news. If retail is consuming news about these companies going bankrupt then the selling is probably about done for a while in my opinion.
Link?
CVNA and Vroom have been waaay overpaying for their inventory.
KMX isn't going away though.
From 2 weeks ago:
It's $109
As I said, I have followed this one for years on end.
Better to take it long than short the other two.
Safer at least.
Those are the gutsy calls. Those companies do not have the fundamentals to support the valuations. But the same is true with TSLA and ARKK. Look at most of ARKK stocks.
But you need to make a call on the overall market. Will the market continue to correct itself, or the buy dips is going to come back again. You need to predict the trend here.
I'll wait a little. But I feel the correction is not done yet. Just 10%. When I see TSLA, GME, AMC and PTON are all back like 10%. I know we get more room to come down. Those are all retail buying dips. Pros just do not buy those at this market.
But you need to make a call on the overall market. Will the market continue to correct itself, or the buy dips is going to come back again. You need to predict the trend here.
I'll wait a little. But I feel the correction is not done yet. Just 10%. When I see TSLA, GME, AMC and PTON are all back like 10%. I know we get more room to come down. Those are all retail buying dips. Pros just do not buy those at this market.
This usually means the move is over unless it is Enron, WorldCom, etc. Journalists who write for the retail crowd are reacting to a trend started long ago. The charts have been screaming sell for a long time.
I remember I read a book on shorting in the early 2000s -- I think it was called How To Short Stocks In Any Market. It talked about always using pivots & SMAs to short stocks not news. All of the ARKK stocks that blew up have been going down for a long time.