Read all before making your discussion and correct me If you know/think different. First and foremost. I am not long on carvana at all. They have good plans and poor execution. How ever...the short term squeeze play could be great. Here's my reasons why.. 1) Short Interest is 64.1%. Institutions own between 63.62% and 67.38%. Depending on sources used. That's already over 100% not including retail investors 2) S&P gave a higher global rating on Thursday causing a 25% gain on the day. SI had no change 3) Friday their debt did not get extended(neutral news IMO). And the stock closed green (AH trading). That is bullish. 4) 79 new institutional investors this year (according market watch/fintel/yahoo finance all have the same). Stocks up like 260% for the year. 5) researching trading patterns from the past squeezes (AMC, GME, BBBY) I see a rough commonality of 1 day good gains, 1-2 days consolidation, 2-7 days parabolic. If carvana holds. Thursday was great. Friday consolidation. Next week (6/5-6/9) could be the week. 6) has a high of 360$ two years ago, CVNA I'd far from that 7) debt isn't closed until 2028, meaning bankruptcy is off the table for them for a bit. 8) 100mil float. Isn't crazy big.
[link] [comments] https://www.reddit.com/r/stocks/comments/13zml1h/why_is_cvna_talked_about_more/
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