Carvana Co. Class A (CVNA)

* In a (price) momentum based investment world the winners often get overextended and the losers often get oversold  "Ilu ho-tsi, ho-tsi-a-nu, Ho-tsi-a-nu mi-Mitz-ra-yim, Ho-tsi-a-nu mi-Mitz-ra-yim, Da-ye-nu! .. CHORUS: .. Dai, da-ye-nu, .. Dai, da-...

*Last week we looked at laggards to buy, today I look at shorts  Last week I looked at laggards I would buy - some, like Amazon , Twitter  and Walmart prospered:  Apr 01, 2021 ' 08:30 AM EDT DOUG KASS Looking at Laggards * On the long side While I f...

Stock futures have continued their climb this morning (5:20 am) - with S&P futures +12 handles and Nasdaq futures +95 handles.  As I wrote in "There Is Always More Than One Cockroach":  "The 1966 season took its toll on Los Angeles Dodgers pitcher S...

* Slowly, but very surely, prior market leaders have crashed * At times, markets can churn when leadership is unclear or non existent * But, given current high valuations, a more ominous market outcome seems more likely * Consider "Uncle" Bob Farrel...

Yesterday the speculative gewgaws fell apart (e.g., , , and , etc.). Today the larger cap concept stocks are taking a fall ( e.g., , and ).

* The U.S. stock market remains materially overpriced * I would use market rallies to reduce equity exposure * Value is stretched now (financials and energy) while growth valuations are vulnerable to higher interest rates * I am looking towards some...

"Raindrops on roses and whiskers on kittens Bright copper kettles and warm woolen mittens Brown paper packages tied up with strings These are a few of my favorite things Cream colored ponies and crisp apple strudels Door bells and sleigh bells and s...

I continue to liquidate my personal portfolio in preparation for the start of my new hedge fund, Seabreeze Partners.   I have covered Carvana  and my homebuilder shorts.  

From yesterday morning's intraday high, there has been appreciable declines in a bunch of stocks that I have been shorting.  Names like Tesla , Peloton , Carvana , MiscroStrategy and ARK come to mind.

, , , , , , , , , , Homebuilders, and .  No long sales or long buys. __________  Short SPY (large), QQQ (large), CVNA, PTON, TSLA (large), ARKK (large), FB, DIS, PLUG (small), TLT (large), AAPL, Homebuilder Package (large).

Adding to Twitter , Peloton , Carvana , and Facebook shorts.

Bidding for the following longs this morning: Walmart , Verizon , and . Offering the following shorts this morning: Disney , Tesla , Carvana , Peloton , Plug Power , , and . __________  Long WMT (large), SLV (large), GLD (large), VZ (large). Short T...

I am bidding for the following stocks on the long side now: and .  I am offering the following stocks on the short side now: , , , , , homebuilders, and . __________ Long WMT, VZ (large), Short CNVA, PTON, ARKK (large), PLUG, Homebuilders (large), T...

* Many have been (incorrectly) dismissive of the broader investment ramifications of the recent and wanton speculation in gewgaws of all shapes * I have been shorting rips and buying dips in a heightened regime of volatility * Color me bearish * I s...

* I remain negative on the market outlook and I have expanded my net short exposure today on the market's strength   I am here to pick stocks and judge the markets and the economy -- and not to express an ideology.   I substantially raised my short ...

I am further adding to my SPY ($381.54) and QQQ ($326.01) shorts now. I am also adding back to shorts in Caterpillar ($186.14), CVNA ($263.60) and Peloton ($148.29). I added to banks, now back to large-sized. __________   Long BAC (large), C (large)...

* Peak speculation? * GME joins the parthenon of speculation previously reserved for Resorts International, Piggly Wiggly, and Volkswagen * We are likely getting close as grotesque speculation often presages a Bear Market * Intelligent and disciplin...

"Just one more thing." - Lt. Columbo   I have my hands full with quite a lot of business projects I am working on (including a new hedge fund).   I was actively trading -- before and after leaving my office this afternoon -- and I want to alert you ...

I covered some Carvana (-$21), Disney (-$8) and Peloton (-$7) shorts, down respectively, in the whoosh this morning. Moved to medium sized on all three. I plan to reshort on strength.

* I have grown more Bearish coincident with the weakening market breadth and speculation * I added to my individual shorts ( and ) yesterday   Rule #7: Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip ...

"Just one more thing." - Lt. Columbo   Fascinating day today. Again! Overall breadth's weak -- for the second day in a row (the same 13-18 advancers to decliners). Speculative, heavily shorted gewgaws zoomed higher -- perhaps taking the oxygen from ...

I am adding to the following shorts: , , and .