In Ricki’s episode she talks about various order types in the market. One of them is the “fill or kill”.
This was not a totally uncommon order type in the options voice market. Although I mostly perceived it as a bluff. I can’t count how many times I snapped back to a broker who tried this with a simple “I guess you’re out then”.
This week I sold my 17-year-old Infiniti G35, the family affectionally refers to as Goat. I learned that Carvana also trades likes a sandbaggin’ broker. They made a bid with an expiration date. When the bid expired…they raised their bid.
They don’t show their best.
Act accordingly. There really is alpha in moontower.
Really Carvana? After a few days my 17-year-old beater’s “value went up”.
We actually got offered $6k by a mechanic but decided ultimately to sell it for $4,500 to a friend of the family’s new teen driver. Goat deserves a good home.