Carmax KMX

Discussion in 'Stocks' started by vanzandt, Dec 20, 2016.

  1. vanzandt

    vanzandt

    First leg in just now at $64.
    (short)
     
  2. vanzandt

    vanzandt

    Color that one red. Bad trade. Out at 64.35
    It would appear its going up more.
     
  3. eganon69

    eganon69

    I still don't understand why you insist on shorting everything that is going higher. Not trying to be mean but so far your record of shorting this market has not been correct. Why fight the tape?
     
  4. vanzandt

    vanzandt

    Funny you should bring that up, because I knew it was going up as soon as I saw the action. I take solace in the fact I lost .35 covering at 64.35... cause the pig is at $65.95 as I type. Hell thats like a psychological win in some way. At least I was right early on and didn't get burned.
    I should have taken it long, I KNEW it was going up... easy money.
    I just can't bring myself to play stocks long.
    I'll work on it.
     
  5. eganon69

    eganon69

    That's 0.35 PER SHARE you sold short. What if you had bought at that same price?.... You would have made $1.95....nearly 6x what you lost on this trade.
     
  6. Not really just related to your post (and not that anyone cares) If i had one general tip for struggling traders that was easy to implement and guaranteed to improve odds, it is simple - stop shorting stocks.
     
    eganon69 likes this.
  7. $KMX didn't expect it to go through but it did so now im short at $66.16
     
  8. vanzandt

    vanzandt

    Good trade. Down $2 so far.
    They missed top line and should have been hammered.
    That being said, I have watched this stock for years and it could easily see north of $66 again before next ER.
    Long term... it belongs below $55. And it will.
     
  9. CarMax given $75.00 PT by Credit Suisse Group AG. buy rating.
     


  10. Cyclical, yet huge growth runway
     
    #10     Dec 30, 2016