David S. Wallens said:In reply to RX Reven' :
Buy on the dip?
Only if you can afford to risk the money for a speculative buy and then sell when it hits a predetermined point. Probably with a trailing stop.
As one investing advisor I used to follow put it when recommending a very risky stock: "Don't use your lunch money for this - don't even use your dog-food money for this... this is the ultimate in speculative buys."
Get in, hope to make a quick buck, then GTFO if you do.
Datsun310Guy said:In reply to RX Reven' :
Never catch a falling knife......
This. My garage and cars would be a lot more upscale if I'd learned that lesson 10 years ago.
I will revive this thread with the news that Canada drives, I believe our version of Carvana, has filed for creditor protection shortly after raising $50 mil of an anticipated $100 mil
https://betakit.com/canada-drives-undergoing-restructuring-as-it-files-for-creditor-protection/
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