Covered  most of KMX 63.38 

    Posted by rbreese on 9th of Nov 2022 at 09:45 am

    Covered  most of KMX 63.38  from short about 65. Still feel this goes lower.

    where do you see support

    Posted by imelhoe on 9th of Nov 2022 at 10:07 am

    where do you see support on KMX. high short interest


    The 9 day on the

    Posted by rbreese on 9th of Nov 2022 at 10:40 am

    The 9 day on the daily broke today which had been minor support. It looks like an inverse head and shoulder bottom with support around 60 and bottom of right shoulder.  Did you see my personal experience selling my car to KMX a few days ago?

    tks, i am hoping it

    Posted by imelhoe on 9th of Nov 2022 at 11:10 am

    tks, i am hoping it gets to 60 for sure. gonna keep tight lid on it. sure looks like it could bounce there.   No i missed your KMX selling experience,,, generally easy and pain free isnt it?

    There was no one there

    Posted by rbreese on 9th of Nov 2022 at 11:59 am

    There was no one there with 40 sales offices and only 5 customers in them. They had over 500 cars as inventory. They offered me 1400.00 more than the next closest. So they do not really know the market. Their profit margin is about 2percent. They have 18 million in debt and they pay CEO 13 million and number 2 about 3 million. It is a dying business in general especially with high lending rates too.

    WOW, that's new news to

    Posted by imelhoe on 9th of Nov 2022 at 12:09 pm

    WOW, that's new news to me, and good to know that,  lets see how high they will bounce her for the next reshort! ridiculous compensation being paid to CEO .Its  really not a good time to be buying  cars when discretionary income maybe shrinking  over the winter holidays.

    I'm still short it.

    Posted by fredsaid on 9th of Nov 2022 at 12:03 pm

    I'm still short it.

    I reshorted  KMX at 64.80 

    Posted by rbreese on 9th of Nov 2022 at 03:34 pm

    I reshorted  KMX at 64.80  a few minutes ago. good luck

    tks, Fredsaid, let me know

    Posted by imelhoe on 9th of Nov 2022 at 12:05 pm

    tks, Fredsaid, let me know when you cover, hoping it hits 62 or lower soon

    I covered the rest at

    Posted by rbreese on 9th of Nov 2022 at 12:05 pm

    I covered the rest at 62.95 and sold my puts too. We may get some market relief from CPI tomorrow but will put my short on again. KMX should report about Dec 26 area. 

    Nice trading rbreese

    Posted by steve on 9th of Nov 2022 at 09:46 am

    Nice trading rbreese

    Thanks  Steve I missed your

    Posted by rbreese on 9th of Nov 2022 at 03:11 pm

    Thanks  Steve I missed your comment 

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