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 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 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 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 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.
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The 9 day on the
Covered most of KMX 63.38 from short about 65. Still ...
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.