We all know the company is a fraud, including the institutional longs in my opinion. We are getting more and more stories in the media about the subprime auto market, with a company going bankrupt last week. What will need to happen to finally pop this bubble? What is your best guess? Will no one care as long as they continue to show increases in earnings?
What do you think could finally break the CVNA story?
byu/TangerineHelpful8201 instocks
Posted by TangerineHelpful8201
2 Comments
My thought is when they cut rates and the 10 year yield rises.
I bought 2027 cvna puts as a hedge for my portfolio about 2 weeks ago.
I have tried the short game for the better part of the last couple years with CVNA. As long as Dad has Drivetine and CVNA can dump inventory there, it’s not going to fail. Short at your own risk, it’s a completely irrational stock.