/biz/ - Business & Finance

>stock
What is this, the 2010s? We only care about crypto

>>54893222
checked

>>54893212
What's going on? I thought they were dead because used car prices had dropped. One good quarter won't save them.

>>54893212
i'll bite. wuts going on with this stock?

>>54893337
It's pumping 15% today so OP is going to larp about having some alpha about it being short squeezed.

>>54893336
>>54893337
A short squeeze that could be even bigger than GME. I think 30$ is possible even this week. They had very slightly positive results earnings news that wasn’t even that good and look how the stock reacts in after hours and premarket (up 50%) and how there was not much selling that didn’t get eaten. What an epic Monday too, straight up the whole day and still into the lunch hour. So many shorts have to cover because they didn’t when it was 5$ because greed.

This thing is a fucking gem

>>54893380
It was up 56% on Friday and it came down from profit taking or more shorts adding and closed up over 25%. And now it’s well above Friday high. It’s just getting started. This is how short squeeze moves go. They start off slow but notable and then get crazy

The only thing sending this up right now is shorts starting to cover. This is not a fundamental play

Holy fuck it’s still mooning

This thread reeks of desperation.

>>54893543
Fine. Miss out. I’ll see you in the common CVNA threads post squeeze just like it played out with GME after everyone ignored my GME shill sub-10$

>>54893628
The economy is on the verge of collapse and you think people are gonna diamond hands some shit 2nd hand car stock?

I guess crazier things have happened but it just doesnt seem likely.

>>54893677
Yea. Look at the fucking stock price action lol. I focus on the price action and I see something going straight up off the spring

>>54893715
'Funny line go up' doesn't mean much. Short interest for carvana is only about 55% of float. For GME it was like 130% right before the squeeze.

Good luck but I'm staying out of it.

average sale for carvana is 62% more profitable than q1. not sustainable. people are getting hosed in finance/trade. car prices will hit the wall hard this summer, shorting isnt the worst idea.

>>54893768
It’s 68% actually. It’s going up so fast for a reason dumbass

Like I said, the news on the earnings wasn’t even good necessarily

>>54893442
Well, I just bought two weekly tickets so I hope you're right. That was next week's chicken stew money.

>>54893796
It’s a short squeeze situation. This isn’t long term. Shorts for too greedy so any not bad news is amazing news. Simple af

>>54893419
Nothing like trying to shill stocks that have already ran!

>>54893824
I suppose we'll know once lunch is over.

I like the stock. Used cars are good in overinflated new car economy. Saw zoomed fud float across my recommended couple weeks ago would have been smart to scoop up cheapies then.

>>54893839
Lunch is over and it’s heading higher than before lunch by a lot!
>>54893836
Started to run last Friday off the crustiest bottom*

>>54893824
Threw $200 at it. Even with 50% short it should still be able to take off a bit from good news.

>>54893212
Thanks I just bought some puts

>>54894466
Good luck
>>54894349
Easy double up

>>54893677
This
New credit card applications have dropped massively and keep tumbling, people aren't buying cars, this shit is pure speculation and seems to already be running out of steam. Get ready to br exit liquidity

>>54893628
If you had followed your own calls on gme you wouldn't be here playing in the garbage with this trash. Short squeeze has become a buzzword for shilling garbage stocks.

>>54894534
I made like 70k on GME but I paper handed my call options and sold when the share price hit 40$ for the lost part. I had so many options expiring in may of that year, I didn’t expect it to go as ballistic as it did, but how could you kit sell when you’re up so much? I could have been a millionaire desu if I was retarded enough to hodl the calls super deep in profit instead of remaining cautious that it could pull back

>>54893212
And the dump behind lol

>2PM
>Rugpull
Hm.

>>54894534
I know right...ever since GME a few years ago, every stock forum talks about an imminent "short squeeze". It's an absolute joke...

OP best of luck on your trade. I remember I did some DD into Carvana late last year given the stock dip and came to the conclusion their business model won't work in higher interest rate environment and they will probably go bankrupt. As a few have already mentioned, car sales are down and will continue to drop. Sounds like your play isn't based on fundamentals though so you'll prob still make money if plebbit gets on board for the fomo pump.

>>54894693
Nice man. Glad it worked out for you and you were smart enough to take the money and run. But even you have to admit everyone keeps throwing "short squeeze" around way more liberally than before the gme thing happened, even where it doesn't belong. Be careful man.

>He went quiet as soon as it dumped.
Blackdudewithfunnyhatshakinghishead.gif

be completely honest here, short squeezes require a very specific set of circumstances to happen right? and most of the people advertising shitty stocks as potential squeezes probably don't even know what those environments even look like. this is like a once every multi decade happening

>>54895300
People here generally don't understand short squeezes. A lot of things need to line up perfectly for that to play out. The word has been misused and now it's basically not much more than a buzzword for a movement you cant explain on a stock that has somewhat high short interest.

This is just an inexplicable pump because who fucking cares why.

I take it back, I just made my principle back+ and still have a ticket for any potential moonshots. Good on you, OP.

>>54894753
>Up at daily highs
> rug pull
Uhhh what??!

>>54893212
Well, explain then.

>>54895559
So how would you describe the stock price being up over 70% in two trading days on only slightly good news if it’s not a short squeeze? Just curious.

>>54895559
where to learn actually when these types of squeezes happen? i generally understand it on a superficial level, but is there something we can read to ACTUALLY understand it

>>54895961
When the stock is overly shorted to death and the company drops news that isn’t so damning, the shorts obviously have to cover. It’s a domino effect of shorts covering

>>54893212
im keeping tabs on cvna. pretty badass right?

Fuck it I'm down with burning some cash on a long shot. What's the total short position look like? I already bought but now want spoonfed.

>>54896136
Prolly over 70% now

>>54896178
Well I bought 140 shares. Was just getting burned buying "real" stocks anyhow.

>>54895953
Market manipulation, hedgies getting some exit liq from wsbets tards that they will dunk on by Wednesday

>>54896340
Nobody on wsb really talking about it that much from what I see

>>54895953
Fake and gay pump on hopium. Hedgies being faggots. Who knows.

Look with all the bullshit in the stockmarket going on the past two years, your bet could well pay off, but maybe not necessarily because of the reason you think it will. Just know that if it doesn't pan out you're gonna be holding a heavy bag of a real piece of shit company that probably won't exist within a year at these interest rates.

>>54896572
Doesn’t look fake to me, looks off the lows

No AH dip I see

Got a call spread on this for the week. Let's see if I can get it to max out.

>>54893212
>the company lost less money than expected
>why aren't people who have no money left buying this stonk >>>>2DAMO000N ???
it's a real mystery

>>54893212
Fuck off, since I saw that anon getting rugged in real time by this coin I cannot trust it anymore, I'm holding 0x0 rn at least that shit is legit