Shorted 500 sh this morning @ $164.58. Risk/Reward favors short play...
If earnings is good, it goes to $170, but if earnings is bad, it crashes to $140. Last year it was Chipotle that crashed, it's Panera's turn to disappoint. Easy money! Even if if goes to $170, it will not hold and will, as usual, leaks down after earnings.
I doubled my short today at the high. Like I said, if it beats it goes to $170, but that didn't hold did it? You should worry in the next three weeks. By the way, it takes balls to call what a stock will do and I did it, you coward evidenceprofessor on the other hand thought you know anything. Posting your response after the earnings report thinking you have won. What an idiot! But, everyone else who think this is your stock to get rich is in for something. Did you know that there is no GURU that own this POS?
Not saying you are wrong but history really doesn't support your claim....look at nearly every chart and they all say the same thing.....up and to the right OR bottom left to upper right. Does the stock consolidate from time to time, YES. It is that consolidation that makes it so difficult for support levels to get broken through. You may get a pullback as a resoult of the market being over-bought but there are much better ways to play it than PNRA. Also, upside over the next 3 weeks is 190-200 not 170.
This isn't CMG because it has half the CAP as CMG at the time it dropped 100/sh last year. It's runway is a bit long for me to imagine the street putting much less than a 30 multiple on it for at least the next couple years.