CVNA: took about 30% profit on Friday after closing this short positions.
This is the last of a series of profit taking on my shorts as CVNA comes down.
Stocks market fell sharply for the 2nd day and it's a broad base selling. CVNA was not spared.
Thinking of it business model, CVNA trades used car and actually might be less impacted by tariffs since most of those vehicles are already in US.
I might be shallow in this thought process so if I miss any crucial points, let's discuss.
Of course if the economy of slowing, one might opt for used cars instead of new overseas ones what was subjected to increase tariffs.
What am I missing?
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- DeltaDrift·2025-04-07Good short at this momentLikeReport