The Collapse of Carvana -OR- The return to normal prices?

David S. Wallens said:

In reply to RX Reven' :

Buy on the dip? 

Only if you can afford to risk the money for a speculative buy and then sell when it hits a predetermined point.  Probably with a trailing stop.

As one investing advisor I used to follow put it when recommending a very risky stock: "Don't use your lunch money for this - don't even use your dog-food money for this... this is the ultimate in speculative buys."

Get in, hope to make a quick buck, then GTFO if you do.

Datsun310Guy said:

In reply to RX Reven' :

Never catch a falling knife......

This.  My garage and cars would be a lot more upscale if I'd learned that lesson 10 years ago.

I will revive this thread with the news that Canada drives, I believe our version of Carvana, has filed for creditor protection shortly after raising $50 mil of an anticipated $100 mil

https://betakit.com/canada-drives-undergoing-restructuring-as-it-files-for-creditor-protection/