I have to agree with you about the Street.com being a contrary indicator. I also have to agree with you with regards to the Street.com being tied into certain hedge funds. In fact, I know that they were threatened with litigation over their recent actions concerning other securities.
That being said, you cannot write off the possibility of the Panera concept getting tired. In truth, the concept does not have to get tired for the market to lose interest; it only has to be perceived as being in danger of getting tired. The slowing growth of the same store sales increases that risk exponentially.
I guess I am singing the same tune as always. Panera is a very successful company which is still priced for outstanding (if no longer perfect) performance. This is no longer the no-brainer long that it used to be IMO. Strangely, I know that even you agree since you wrote the calls.
Just to be clear, I previously wrote the May 30 calls and bought them back for $1 ahead of earnings. I am looking to write calls again but would not do so until the stock goes up another 2-3 points. The May 30s can now be written for $1.35, but I expect to be able to get more. I recognize that war issues might trump fundamentals in the very short term but am prepared to wait if necessary. At this point the question has become is it being a contrarian to buy before the war or has that now become the consensus. Panera is not wholly removed from general market action.
Just to be clear, I previously wrote the May 30 calls and bought them back for $1 ahead of earnings. I am looking to write calls again but would not do so until the stock goes up another 2-3 points. The May 30s can now be written for ----------------------------------------
soo when stock gets to $28.50 they'll give you $2 !!! for the may 03's ! !
WHOO HOO!! $2 Premium
you got paid $2 to GIVE THE RIGHT to OWN this WONDERFULL company???
You'll take $2 to Give up any UPSIDE over $30 ? ? ?
what happens if it hit $40's are you GONNA feel STUPID for selling out THE RIGHTS to your stock ...the one you LOVED? then having to SIT on that stock for 3 months,Idle, while the Call buyer OWNS all your shares???
he pays you $1.50 for the shares then sells them at $41.50 for a $10 profit on a $1.5 investment.
on a stock you LOVED & LOVED AND PUMPED AND PUMPED
gee what is it dude???
Great grouth story? Going tho the moon
or a sh*t stock that you should try to squeeze a few bucks out by dumping calls on some chump?
because you know gonna be able to but'em cheaper later....