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P.F. Chang's China Bistro, Inc. Message Board

  • LengJai98 LengJai98 Mar 23, 2004 3:11 PM Flag

    Thanks, new short at 49

    Didn't think it would get there again but thanks. Will short every point up from here. Any short with average 49+ is easy money. Maybe the crooks will keep this high until the end of quarter to dress their books, but come April, this thing is going to 40-45 at the very least. I suggest longs take caution. Holding a 50 pe resturant stock when its group is showing signs of a top, and perhaps the overall market index as well, is a risky venture. Currently shorting high pe consumer discretionaries into the summer when gas might hit 3 bucks in many places. I will cover when analysts start raising energy concerns. Buy low sell high. This market has topped. Good luck!

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    • No problem, here's the performance of a restaurant stock after hitting 50 PE: http://finance.yahoo.com/q/bc?s=PFCB&t=2y

    • Longbread,
      Do a little homework and tell me the stock performance over a 3 year period AFTER a restaurant stock's pe has hit 50? It shouldn't be too difficult as not many restaurant stocks have ever traded at a 50 PE....

      If you are going to cheerlead, at least give your audience something to compare it to. The shorts have plenty of "historical similarities" to use....how about you?

      Have we seen the analysts revise their earnigns yet?

    • Typical cheerleader logic... it has been going on in the past, it will go on in the future. What goes up will always go up. Shorts have been burned, they will continue to get burned.

      Sounds to me like the same logic during the internet bubble. Take no heed to this cheerleader's investment advice. He hopes more suckers come in while he has a padded paper gain. BUYER BEWARE!!!!

    • As I've stated numerous times, this stk, because of its smallish float, is very easily manipulated. FIDO, SSB, etc can keep this puppy up here for what could end up seeming like forever. The stk is worth $40, maybe. But that doesn't really matter. If is ever cracks, it will be a free fall. However, I'm beginning to think the company must miss and miss big to have it happen.

    • CALL OPTIONS Expire at close Fri, Apr 16, 2004

      Strike Symbol Last Chg Bid Ask Vol Open Int
      35.00 HUODG.X 0.00 0.00 13.90 14.40 0 75
      40.00 HUODH.X 0.00 0.00 9.00 9.40 0 629
      45.00 HUODI.X 4.60 1.30 4.40 4.70 17 229
      50.00 HUODJ.X 1.35 0.60 1.20 1.35 55 534
      55.00 HUODK.X 0.15 0.00 0.05 0.20 0 834


      PUT OPTIONS Expire at close Fri, Apr 16, 2004

      Strike Symbol Last Chg Bid Ask Vol Open Int
      35.00 HUOPG.X 0.00 0.00 N/A 0.15 0 191
      40.00 HUOPH.X 0.20 0.05 0.10 0.20 110 4,044
      45.00 HUOPI.X 0.55 0.45 0.45 0.60 27 3,168
      50.00 HUOPJ.X 2.50 0.80 2.10 2.25 22 1,717
      55.00 HUOPK.X 5.90 1.90 5.80 6.20 2 54

    • Welcome and good luck, but to those of us who have been on this board a couple years you are like the 10,000th person to make that exact same post.