5/29/19

CVNA is an accident waiting to happen.  “Cash incinerator” is what the article at this link calls it.

CVNA is similar to ABBV in the book value area. 

It’s not ABBV negative, but is doing much better at positive 38-cents

Debt to equity is an eye-popping 1,000%

The raw chart of CVNA is included with my personal notes.  The entity has been under watch for some time and there were a few trades placed around October last year.

Fibonacci Day 21, from the 5/19, high is shown.  It may be an opportunity or not.  At this point, real time price action will be monitored to get re-acquainted with liquidity and characteristics.