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

  • omaha_gil omaha_gil Jul 21, 2004 2:02 PM Flag

    Did I Miss Something?

    were earnings that good? was the outlook that good? why is this stock up $3

    I just shorted

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    • No you are not missing anything. I use to think tech stocks were heavily manipulated by wall street and the market makers. I stand corrected. After watching the retail/resturant group in the past 6+ months closely on a tick/tick basis, I've concluded that there are some big money players in them right now. If you scroll back 4-5 years you will see a straight line up as the overall market tanked and stagnated, so you can see why. It's almost impossible to trade these unless you take a longer term position or daytrade, but whenever the hammer drops, I personally think this group will fall off a cliff with their high valuations. Back in short today.

    • No, the earnings were in line with expectations and the forward guidance was tepid at best. However, you missed a dandy short squeeze in which yours truly got embraced warmly by Fido and some of the other major holders. Only thing to do is short it again. Another day like that and they'll own the whole company. Welcome to the party and good luck.