CPRT Gaps

2018年11月19日

Guessing this closes one gap or another after earnings. I'm guessing down, P/E ratio of 28 is way too high for an auto auctioneer, Carmax (CMX) already ate **it, pattern is identical.

2018年11月20日

註釋

No big surprises in earnings, it's basically the same as last quarter, no growth.

Up $2 AH, but the bid is below closing price. Keep in mind KMX gapped up on earnings before it tanked. Not sure I see a compelling reason for this to move in either direction, other than overvaluation based on P/E ratio. KMX is at 15, this thing is over 20. Neither are growing at this point.

This will close the gap at $36, but it may take a while.

2018年11月21日

註釋

Forming an intraday pennant, will hit 51 if it breaks out of it or close the gap below. Still think this is overpriced, but won;t close either gap any time soon.

2018年11月29日

手動結束交易

Now trading step for step with the S&P, might as well buy SPY options whether it's calls or puts. Done tracking this one, unless it shows up on 52 week high list.

2018年12月4日

註釋

This is going down, but as I suspected, SPY puts were a better deal. $5k daytrade profit on 10 SPY contracts, can't beat that.