You must have already sold or you would not be trashing this stock. One more thing; you said the big boys do not hold this stock. Click on major holders to see that the majority of LOCO is held by institutional and mutual funds. They can move this stock any way they want. To sell under $15.00 where all had to buy is a mistake.
The only way the funds can get back their money from the IPO price is to beat this stock down with trades of 7-100 shares bid/ask. They need to scare you out of this stock to make up their losses. MCD went down 14 bucks a share only to come roaring back to the 52 week high.
Aug. 11th you loaded up-You own at $18.66 and prior to that $19.74. 20% sleeves. So you have all the time in the world. You don't lose until you sell so hang in there and you will make a profit when the dust settles. This began in 1980 so 35 yrs. the business grew and an IPO was hatched. At least you are not in over 20. Good Luck to you-stocks do this you know; don't panic and sell or you won't be able to get it back. Look at AAPL a few days ago when panic sellers gave it up at $109. PG-WMT-CAT-DD-HOG all down but you only lose if you sell on the dips.
I have been retired for 23 years now; made all my money in the market and real estate. Traveled to all 7 continents in my 40's and 50's. Thank God for that tech bubble in the 90's. I cashed out and never looked back. You must be young jackmaster and haven't learned the name of the game yet. Buy near a 52 week low and book it. Repeat. It's withdraw by the way.
The problem with the whole market is investors like URANUS know nothing about the stock they own. Mexican company and the strong dollar? I laughed my a_ _ off. I doubt he even owns this stock; just chatting about how unintelligent he is; sees the big drop in a company and jumps on their board to explain things.Riiiight.
I have been trading since 1987 and YES I am using my retirement account. No tax to pay until I take money out and it will not be at the rate of quick trades. By the way, I do not buy just 1000 of these cheap stocks. You need to load the boat and get out with a quick one. No need to wait for a buck a share when you buy large quantities - $500.00 for an hr. of trading is fine with me. Longs lose, sorry. This went public for $15,00 and closed at $24.00. Who would not have taken such a huge profit in one day? Dreamers! See ya again tomorrow. I do think this stock got blown out of the water and is a bit over done so it will rebound shortly. Whoever shorts the stock from here on out might hate themselves next month.
Over double the volume today. Daytraders bought at the lows and may have sold off for a quick one like I did. I will buy again and again. I sold AAPL today too but will buy that one on another dip. The long hold is gone forever with everyone doing their own investments with E-Trade and Scottrade. Who needs a broker anymore?
You are describing every single stock out there. All the insiders get the shares for free, then sell for whatever they can get. Welcome to reality.
The PE on this thing is only 12. Anything under 20 is considered to be a safe bet. There is no way this should have declined over 3 bucks. Back to over 15 this week.