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$AFRM Earnings Review
$AFRM is up 20% AH and 40% today as they plan on being "profitable" in nine months.
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$AFRM real margins continue to deteriorate. If the network effects were real, margins would be expanding. I might have to re-open my puts, but this is a crowded trade which scares me.
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Also, how do you adjust your operating margins from -64% to +1% for the quarter?

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