CMG is going to move back to it's 200 day moving average. No question. If only they can show an answer other than increasing their food prices to compensate for higher wages and food costs and build outs.. They can't.
I'm shocked it held here today. Won't be for too long though.
put your money elsewhere while you still can.
should be about 20..
They are so overvalued and are going to be hit with higher minimum wages and higher food costs and already lost client base.The only reason that same store sales even were where they were at was they increase prices. They can't just drive prices up and up and expect loyalty from customers. It's already failing their model. They grew too big too fast and the Wow factor is gone.Cheaper to eat out elsewhere.
Program Trading is apparent on this. Based upon the feed of the trade spread, this is going to drop very quickly to 660, little support is seen.
I do a ton of online shopping this time of year BestBuy, Walmart, Target, Amazon, kmart for holiday gifts for everyone. I've got a $5k credit card bill to go along with it. What gives with UPS this year? I live in NJ so it makes little sense. Last year it was majority of UPS and sadly 20% of them were delivered to neighbors and 2 too late but I did get them. My packages are getting here faster with USPS which I find ironic as in the past USPS was awful.
Seriously let's issue news on 11/25 that's positive and wait a day to announce devaluation of same shares after stock takes big move. Whoever lost money should be finding an attorney if it was enough losses....
GS is not at risk at these levels but based on inventory they can not support the price levels. The big fish make their money but the average investor gets fryed. There was so much paid story telling on this one in the market that the corruptions and scandal will have to be investigated when the stock levels off to true market.
Already hearing the streets insider Regulatory Compliance groups wanting this pos sold off due to the implicit risks of being in China, the facts that you truly own only a shell company, and the regulatory issues and political issues combined. They all bought in, and will all be selling off the majority of their position or hedge the position with options.
I can guarantee this one leads to more massive lawsuits that will once again line pockets of the brokers and pay you nada.
Sentiment: Strong Sell
The underwriter’s use of the overallotment option is part of his larger
responsibility to support the price of the issue. Price support refers to stabilizing bids,
trades and penalty bids done by the underwriter in order to influence the price by slowing
price declines (See Regulation M SEC release #34-38067, December 1996.). Although
there is no legal restriction about the price level that stabilizing trades can be done at,
stabilizing bids can only be done at or below the offering price.7
Stabilization is intended
to be temporary in nature, in order to facilitate the distribution of the securities, and
typically only lasts for a short time period after the registration becomes effective
hedge funds are all pricing their sell prices for quick turn around. If you want to buy this, wait a month.
The risk of the chinese market is something these funds as prudent investors are not willing to take for LT risk. This is a shell company and the chinese are known theives . The prudent investor issues are creating a major problem of holding this as they don't have the audits and other regulatory things to keep this in their portfolios.
Risk Managers will require sell offs.
Don't say nobody warned you. They have all put their news players out on the streets to push this baby up to then jump.
a fool and his money will soon be parted. Sell now and you possibly will walk away profitable. Wait and you will have a hard lesson learned.
Sentiment: Strong Sell