So a used car dealership is worth
15B
🤣. I get the current price action given before earning and at it's peak almost 50% of it's float shares were shorted and it would take almost 6 days for everyone to cover their short positions. But this company has almost
7B
in debt, making $250 million in loan payment annually, losing cash and the fed isn't raising rates anytime soon. Once these poor souls that shorted below the $80 range cover and the smart shorts who now waited for it to hit it's last resistance point back in April of 2020 when earning came out and this thing gapped down, we'll see this used car dealership stock tumble. From my chart i'm looking at closing my position at around $60-$62. Gap always get filled!
15B
🤣. I get the current price action given before earning and at it's peak almost 50% of it's float shares were shorted and it would take almost 6 days for everyone to cover their short positions. But this company has almost
7B
in debt, making $250 million in loan payment annually, losing cash and the fed isn't raising rates anytime soon. Once these poor souls that shorted below the $80 range cover and the smart shorts who now waited for it to hit it's last resistance point back in April of 2020 when earning came out and this thing gapped down, we'll see this used car dealership stock tumble. From my chart i'm looking at closing my position at around $60-$62. Gap always get filled!