No. of Recommendations: 3
Chevy dealer trade in offer $6,000
Carmax $7,000
Carvana $11,400 and they will pick it up from my house today for $90.
How do they do it?
I think Hindenburg's explanation is probably best, but we'll see.
I lost a lot of money on my CVNA short and I would have mixed feelings about watching it crash and burn, having lost on the upside and not being in a position to get it back on the downside (I've sworn off shorting), but I still expect this to happen eventually. Maybe a long position in KMX is a safe way of taking a side on this bet.
DTM
