KMX

Hoping for a $1 pop north tomorrow. Dry powder waiting in the wings.

 

CarMax's PT raised by Wedbush to $55.00. neutral rating.

 

Bear flag on Monthly Chart. Look to sell weekly and daily chart signals.

 

Its a beautiful short. The clock is tickin'.

 

$60 Puts, 9/16 expiration now $1.60.... Easiest 10% plus you'll ever make. Probably much more.

 

That being said...... near term I suspect a run at $61 is not out of the question. But its like boobs.... eventually they sag.

 

pffff... maybe even $64.

Its a dirty stock.

I should be buying the 10/21's.

Buy calls near term.

 

In fact.... I'm gonna do just that. More to follow.

 

Seems like a good short candidate.

 

Nice day to open an initial position. This thing is turning into an interest rate play. Makes sense too. The problem is, its a double edge sword for them. Rates stay low, they get more people financed and sell more cars, rates go up, they eat more defaults.
Beautiful short.