Lotz is finishing up a 5 wave ending diagonal with bullish divergence. Selling pressure has subsided and short interest is very low. Share price should be about $1.60 if it was reflected by company's cash on hand. As we can see that is where a very active price block is ($1.60-$2) which I believe we will be retesting by EOY. Chip shortage has greatly improved and...
Yesterday i was amazed to see a block of 35K calls worth of $525K on VRM expiring May 20.
And i will explain to you why they might be extremely profitable!
Since its highs, VRM lost 97.76% of its value and it`s not a crypto, by the way, it`s a company that makes billions of dollars.
The calls are related to the first Quarter earnings on May 9, so they expire 11...
Company still in the phase of proving its consignment business model to investors, but earnings have been a consistent upward trend and are currently hovering near breakeven. Significant expansion plans for 2021 were scaled back and pushed out due to the chip shortage impacting inventory availability. Relatively low overhead for each new location, growth could...
I think LOTZ has bottomed finally, I'm thinking it gets back to $5 area without too much trouble by their next ER. It's been caught in the small cap wasteland bleed tax loss harvesting that every other stock under $10 has suffered. CEO is like GOEV CEO in that he doesn't pump, so it can be frustrating.
They have been expanding quite a bit thru covid but they're...
I went Risky here but well worth it if you ask me.
I found few articles awhile back saying that they are actually reporting some gains.
I think I have a solid entry point.
Lets see what happens.
-Kaz
On the 30m a short term Bearish Divergence is upon us.. also on the 1H... in the bigger picture time frame it is developing bullish signs... market direction dependent..
These are levels that I'll be keeping an eye on when dealing with CarLotz, and I'll revise as price action progresses.
I adapt to the change in money flow.
