Sep. 12 at 12:28 PM
$CVNA If Carvana were a normal company, the Tricolor Bk would be bullish for sake of market share. But, Carvana's business model is not based on car sales, it's based on subprime loan sales. The GFC started off real slowly where in late 2006/early 2007, a few of the junkiest banks/financing firms announced default warnings and tighter credit standards. By summer 2007, funding outfits upped credit requirements via higher down payments and credit scores. I expect
$ALLY and others to begin increasing credit requirements soon not just bc of TriColor but bc of the actual signs of the economy weakening. Smart bulls see this and must have protection via puts or collars
