Insana
Although I’ve written about Carvana many times, including the fact they were effectively founded by an ex-convict, I’ve never traded it until today (Friday). This thing has collapsed into near-worthlessness but, for reasons no one can quite explain, it has completely recovered. It isn’t a pattern. This isn’t based on anything rational. I just decided enough was enough, so I bought puts.
In my defense, I will say that a p/e ratio measured in the TENS OF THOUSANDS is a bit of a tip-off.
More By This Author:
But At What Cost?
Stepping Back From Silver Until The Election Dust Settles
Reddit Soars
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
more