CPRT
Copart Inc
stock NASDAQ

Berkshire, CPRT, Fairfax are shit businesses?

CPRT started its ascent

Berkshire, CPRT, Fairfax are shit businesses?

CPRT started its ascent

Thanks for taking the time to explain. I agree there's something called swing trading.
What I meant here, and I probably wasn't clear enough, is value investing on fundamentals but using the technicals to know when to enter or exit the position.
For example, you think CPRT offers a margin of safety under $45. It drops from a high of $63 and keeps falling. You could buy your position as soon as it hits $45, or you could watch how its trending and wait for (what you think is a) bottom around $38 and then start to pick up shares, creating your position as long as it's under $45. You might get your lots at the same prices but they'll be later in time, offering a higher IRR. A strategy like this might also miss the bottom at $38, but also put less of the money in at $45. The CPRT is example is real btw. I bought most of my position at $45, but wish I waited a little and was picking it up now.
When selling, it's not about price action. You could either believe it's a long term hold and just hold, or if you have a price target (which is fine to have in value investing) you could unload it at the price target -- not when the price action changes.

I’m not sure I believe it, but it you could do $CPRT and talk up the competitive advantages/long term track record and argue why market is overly concerned about threat from driver assist technology/self driving