Since I've been feeling the love from follows and comments, I've decided to post what's probably my most "Warren Buffett" style stock to own for years to come... Yep, Carvana
Imagine a world where all those local dealerships named after local families are disappeared by an online corporation called Carvana that can beat them in everyway due to technological advantages... TLDR Carvana is Netflix of Car Dealerships (with AI you'll probably be able to test drive virtually from home in a few years! HAHA)
I've seen it happen with local video stores first with BlockBuster, but more importantly in this case Netflix... My bull scenario is that it's already had it's IPO cycle, Reddit will probably do a similar boom bust cycle before I look into buying and has a BE A U TIFUL inverse head and shoulder base to build from. This is a LEAP play. 2028 expiries...
Ill be looking for a mix of strikes on OTM CALL LEAPS will also be watching open interest spikes on this stock in LEAPS with same idea.
@Proffesseas, nice chart. I think the hatred for the stock is overwhelming so just buy every damn dip ! Gd luck brother
alisalek
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RichardSlangers chart shows the opposite
alisalek
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Yeah it’s not hatred it fundamentals guys. It’s PE multiple is higher than Nvidia. If you could read a balance sheet and income statement and not look at pictures like children you can see this thing price is unrealistic at these levels. But you do you and finger paint away