Chipoltes
- Thread starter vanzandt
- Start date
Chart looks like TSLA
Plus your call reminds me of MarketSurfer who called shorting shake shack around 40, it then ran up to $100 over the next few years
Plus your call reminds me of MarketSurfer who called shorting shake shack around 40, it then ran up to $100 over the next few years
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With all due respect, if you want to intelligently discuss this stock, we can do that, but that remark was totally uncalled for. I do my homework on stocks bud. You get one pass. You post all f'ing day in politics, and then you come up here with some snooty little quip like that when I'm doing research for an earnings play?
A quick search shows you have never offered up one insight into any stock since you've been here. Since 2009.
Ditto the options forum.
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Marketsurfer was a lousy stock picker, but at least he had the moxy to try.
If you want to discuss CMG... we can do that. Juvenile quips... not so much.
You seem to be quite thin skinned.
If you do go short i hope you make a lot of money, but shorting any market or stock that is making new all time highs on a daily basis is a bad idea.
This will be the last time i post on this thread, so no need to put me ignore.
If you do go short i hope you make a lot of money, but shorting any market or stock that is making new all time highs on a daily basis is a bad idea.
This will be the last time i post on this thread, so no need to put me ignore.
That statement is nonsensical. I should know, I've been longing indices making new ATH for years and have usually gotten burned. Because eventually, that daily ATH break will stop happening.
Wait... you compared me to someone that (for whatever reason) was highly despised and totally un-respected by many long time members here and you think its "thin skinned" when I shoot back?!
Well color me f'ing Twiggy then, but I don't lay down. Either way, I know you were just making a point about cmg so its history. No biggie.
And yes, shorting a stock that is making new highs day after day is a bad idea. I've probably written that at least 1/2 dozens times here both to myself and others as advice. Believe me, I thought long and hard before I started this thread. I had been looking at all their metrics all morning. I'm taking into consideration Covid, additional costs, renovations for drive thru's.... not to mention things like they are priced at over 50x 2023(!) earnings. Also note in the post I mentioned "short interest". Know why Surf was stupid on Shake Shack and as I recall IT WAS ME that told him so.... because the f'r was shorted to the moon. CMG has about 5% of the float short, while still high, its reasonable. 2 days to cover, so in my eyes, any big spike north off the earnings will run, give it a day or so and its a short. I love growth stocks. I understand why WS pays for growth... its just I think CMG has come a little too far too fast especially in the current environment. As an aside, and I have written this before about this very stock, the minute they even breathe at the possibility of moving to China, the stock jumps 30% in one day. I took that into consideration too, the fact that I don't foresee any near term surprises along those lines. See... far from Surf.
This is one of the main stocks I have been trading the last few months. Mainly the back month options. It is really crazy how they price them, seems to have nothing to do with how much up/down it is in a day. One day they seem to randomly decide to destroy back month premium and another it blows up. I have zero feel on whether it is going up or down, but my position hopes that you are right on your call.
Hey you lol....
Thought I might share. This one covers both bases fwiw. Shake-shack, shorting all time highs, and Surf. Actually that's 3... but whatever.
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I like it... will watch for a run up tomorrow. Might sell a straddle and buy wings for a downside play.
Don't listen to me lol....
There's one thing I might have missed. They can run their stores with fewer employees. I think. That might be important. I was thinking about that earlier.