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Bluechip

@blue_chip1

Twitter account is mainly for Entertainment - BUT I will stand by what I Tweet! Value Investor / Short Garbage

 California
Joined January 2020
  • Tweets14.9K
  • Following108
  • Followers4.6K
3.2KMedia
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2026/27 "New" Top 10 Conviction shorts with 1yr Time frame (still like my list from last year): 1. $POET 2. $ASTS 3. $COMP 4. $BMNR 5. $QBTS 6. $NBIS 7. $SPCX 8. $RIVN 9. $MRNA 10. $PLUG Short Thesis on each:
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No way LOL $CIFR $IREN $CRWV $NBIS All going to ZERO
James Chanos (@RealJimChanos) profile pictureJames Chanos
@RealJimChanosNov 3
Replying to @CorneliaLake
Change orders and higher-than-expected buildout costs…?! Hard to believe.
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After Hours Friday - Daddy Garcia selling Covered Calls on 10 Million shares!!! $CVNA Grift continues..
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Charge Offs incoming! $CACC $CVNA
James Chanos (@RealJimChanos) profile pictureJames Chanos
@RealJimChanosOct 30
Under-reserving on subprime auto loans….?! I’m sure all the other subprime auto lenders are just fine, however. $CACC $CVNA
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$CVNA short interest flat over the past month around ~65M shares short...
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Like I said, Provision for Loses Exploded! $CACC
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Bluechip (@blue_chip1) profile pictureBluechip@blue_chip1Oct 30
$CACC Provision for Credit Loses EXPLODES 170.3% ($258.9 million). How the Hell are $CVNA ABS not seeing any defaults??? And how is $CACC also not imploding??? Kevin W. +1 % please to cleanse this Casino stock market.
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$CACC Provision for Credit Loses EXPLODES 170.3% ($258.9 million). How the Hell are $CVNA ABS not seeing any defaults??? And how is $CACC also not imploding??? Kevin W. +1 % please to cleanse this Casino stock market.
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Not expecting a 16% up day; Analysts are Reducing price targets on $CVNA (no upgrades) - Needham, Chris Pierce reiterated a Buy rating, while lowering the price target from $120 to $100 - BTIG, Marvin Fong reaffirmed a Buy rating, while cutting the price target from $87 to $82
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Pretty Good Summary of the key metrics - Deterioration across the board. Wait we are not yet in a recession; this is during a huge AI boom! $CVNA $CVNAQ
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LK Preserve (@LKPreserve) profile pictureLK Preserve
@LKPreserveOct 29
Replying to @NaderAlterEgo
$CVNA eliminating forward guidance big tell Lies stop bc margins & revenue down big $1 revenue only ~10 cents EBITDA Inventory up 65%,$1bn New centers BUT depreciation down $67mm/quarter Servicing 39bps from 1pt🤥 10 yr UST 5% but CVNA toxic loans 10% APR Garcias taking billions
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Image from LK Preserve (@LKPreserve)
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I was expecting a larger drop on the Gain of Sales... (this chart includes all units in the denominator, not just financed vehicles). Still amazing they are getting >$2000 of profit on a $25k car up front... -> Still trending in the wrong direction. $CVNA
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$CVNA AH move is going to fade Every metric is deteriorating -> NO Operating Leverage with Volume in the business model Spending a lot on advertising to move metal ($152M up from $121M last Quarter) Hedging gains? Exiting with $3.45B in Inventory into Seasonally weak quarter
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$CVNA Consensus at 206k retails units; What? LOL... coming in above 215K. At least MS is at 212k. At least Consensus on GPU is reasonable at $7,497 in total. It will all depend if Walters was able to purchase their ABS!
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$MS Lowering the Bar for $CVNA, of course... We model 3Q Other GPU of $2,565, down $100 sequentially, and EBITDA/unit down ~$325 y/y at $3,759 Lower Price target from $90 to $88 LOL
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Q4 lowering the bar: 3Q Other GPU are largely clustered around $2.k-2.6k, with 4Q expectations closer to $2,350-2,500, implying downside to published Street estimates. We model $2,450 in 4Q Other GPU, reflecting both the higher-rate environment and typical seasonal pressure
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Nothing but a grift this company. Always hiding critical information. $TSLA
Gordon Johnson (@GordonJohnson19) profile pictureGordon Johnson
@GordonJohnson19Oct 23
$TSLA recognized a net $447M in Q3 gross profit from one-time tariff refunds, which accounted for over 61% of Q3 EBIT, meaning its core biz generated an EBIT margin of just 1.0%, & pro-forma non-GAAP EPS of 38c missed Wall Street’s 44c est. Why is this being ignored by the media?
Image from Gordon Johnson (@GordonJohnson19)
Image from Gordon Johnson (@GordonJohnson19)
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$TSLA recognized a net $447M in Q3 gross profit from one-time tariff refunds, which accounted for over 61% of Q3 EBIT, meaning its core biz generated an EBIT margin of just 1.0%, & pro-forma non-GAAP EPS of 38c missed Wall Street’s 44c est. Why is this being ignored by the media?
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Image from Gordon Johnson (@GordonJohnson19)
CNBC (@CNBC) profile pictureCNBC
@CNBCOct 23
SpaceX said on Thursday that its stake in Elon Musk’s The Boring Co. netted the company an investment gain of $561 million during the third quarter. The gain accounted for more than half of SpaceX’s “other income” in the period and boosted its net income, which landed at just over $4 billion: cnb.cx/4yH7wmX
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Results are coming in as expected. Stock is not! More downside to go... $MRNA
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Bluechip (@blue_chip1) profile pictureBluechip@blue_chip1Oct 4
Replying to @blue_chip1
$MRNA Simply a Timing short. Went way to high on some positive Cancer data and way too much Optimism. $75 Market Cap. Going to Fade.. will take a long time to see any Revenue. Shorted after COVID, worked nicely.
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$SPCX Shareholders, you sure you want to buy this 5% ROIC business for $1.5T…?!
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$LAD -10% Stock slides after margin squeeze, soft volume, weak auto market and raising auto defaults! Sure $CVNA is thriving in this environment... LOL
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$CVNA $CACC $KMX The market has already crashed, lenders are simply still in denial. Watch out below! reuters.com/commentary/break…
Breakingviews - COMMENTARY: The $1.7 trln auto loan market heads for a crash

Breakingviews - COMMENTARY: The $1.7 trln auto loan market heads for a crash

Rising prices and rates ⁠have upped ​average new-car payments ​to $765 a month. Stretched buyers are opting for ​longer repayments ​or older models, with ‌many ⁠loans to weaker borrowers extending...

reuters.com
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Going Long $NKE🙌 Speculative play but I think it can 2x to 3x by the 2028 LA Olympics!! Ultra capitulation happening; everyone threw in the towel. Tax loss selling wrapping up in Q4.
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