I think it's topped out. I don't buy this whole "break-out to the upside" scenario when earnings are announced. Quite frankly, they can report .55 for the quarter, and the current price is already baked into the cake.
Here's a rare market-timer that looks good: watch out for MRK to surprise on Monday. The downside-items(Patent expirations/Vioxx litigation) are factored in. The upside items: Januvia's strong start (aided by Avandia's woes) and the Zostivax/Gardisil vaccinations offer a strong upside potential and are complete question marks. I'm hoping for a 1-3% bounce on Monday; a short-term money-maker.
not worth the effort. I think everyone tries one-time or another to time the market but few can do it. The volatility is just not there right now. I have been watching CMG now since the beginning and just when I seem to see a top it goes higher. I thought about writing calls at 70 and 75 but glad I did not. I want the big payday: my 100k turning into 1 mil in 5 yrs. Compounding returns is the way to make real money in a good stock.
I made money money last year selling CMG high and buying back lower. But a few weeks ago I had my head handed to me writing call options on another stock I own. My trading days are over. If somebody wants to have a fire sale on a stock I hold, that's fine with me. I'll just buy more. Otherwise hold hold hold.
"Topped out?" You're joking, right? No one could be that short-sighted with a growth story like this one slamming them in the face. This stock could hit $89.90 after splitting 2-for-1 at $100. And then do it again. And again. And again.
CMG----Buy it. Hold it. Forget about it....for at least five years and probably fifteen years.
nope, not joking at all. I should clarify, when i say topped out, i meant it in the near term which is what im interested in. Yes u can hold this 5 years and be up big, but i'm not looking that far ahead. In fact, i'm only looking between now and earnings date. I don't think we'll see a big spike after earnings. I feel all the good news about a break out QRT is more than priced in at 88.