To answer your question why this can't go much higher like the rest of the market. CMG has topped and surpassed all the analysts 1 year target.
1y Target Est: 326.45
all time high is 346 (if you long cmg, how much higher can you go, 6pts? how much lower can you go? yup 100-200 pt drop easily.
I have been there. 2000 took me out of the market and I didn't get back in until 2009. I was pretty gung ho with all the internet momo's until they burst. Looks like it's 2000 and 2008 all over again. You live and you learn. Something the CMG longs are still are in denial.
The thugs may try to keep her up .. even PUCH her up till month end ... then a few more days just to crush the hopes of weak shorts .
I love Fridays of course due to the scare factor but this crazy market is not the norm ... I miss the days when numbers mattered more .
Now its mostly a game . Baffled at how longs can sleep at night w/ whats happening in the USA and abroad .
I saw a buddy lose 30 million in 08 ... hes still walking around in shock trying to smile . Longs will get hammered again in due time .