CVNA is a soon to be bankrupt company run by a felonious family who are CASHING OUT NOW. Next quarter will likely be a disaster, there is no "6k profit" per used car average - just financial chicanery. In the end, this will go back to its real value: 5$, a foot long sub. Enjoy the pumpskis but remember: this is at best a short term technical pump, long term 0.
A good set up with definite possiblilties, thanks Michael!
(Hard not to agree with Juicy below, can't imagine this as anything other than short term play)
No company in an uptrend has ever gone bankrupt. So I stick to the trends and let others worry.
If it first gets me in and then stops me I’ll walk away without a second thought.
CVNA is a soon to be bankrupt company run by a felonious family who are CASHING OUT NOW. Next quarter will likely be a disaster, there is no "6k profit" per used car average - just financial chicanery. In the end, this will go back to its real value: 5$, a foot long sub. Enjoy the pumpskis but remember: this is at best a short term technical pump, long term 0.