And STNG ships REFINED products. Should give Scorpio Tankers a boost.
..P.S. not today, during Mkt strength...but within a few days, or second thoughts: 186 is "fair price".
Those from "The Street" and "Motley Fool". Others: "..Signs of Long Term Transformation" (Cramer), "Profit Dips on Increased Costs" (Amer.City Busi.Journal), "Beats 4Q Earnings, but Misses on Revenue" (Zacks), and staid WSJour: "Posts Sales Uptick, Projects Higher Sales". SOooo, take your pick: Panera is either worth
somewhere in low 180s or high 190s...today's action suggests it will settled back down into the gap at 186.
Not really good enough for a bounce back into the 190s, IMHO.
It's not a pump...just the CEO of a foreign company getting good TV exposure in this country, and
catching the shorts BADLY overstaying.
I DID short LNKD...repeatedly. It was kept levitated so firmly that I never made much by the obvious
shorting. Finally, when I'd dispersed my capital for shorting to TSLA, UA, FB, and other hi-fliers, THIS eps was the one when LNKD fell apart...without me. (luckily I was heavily short in TSLA as it went
over the cliff...but over many weeks...not in ONE day!! Go figure.
The new slogan should be "Short on the Rallies"...but will we get any.
Calorie count, dozens of menu delicacies, "carriage trade" image, etc. They just don't fit what's beginning
to happen to American society and daily life. Where are the "mass" customers for an eating style that does not cater to minorities, to latino tastes, to penny-pitching budgets, etc. Several hundred more Panera Bread Shops are just not in our future. It'll be downhill from now on, as signaled by the Bear Market mood now
beginning to pervade Wall Street. PNRA stock needs to correct in near future to 160-170 area, IMHO.
Coming Soon: Production lines in China and Europe, 2 new models and a Truck(!), battery factory on schedule..and maybe a 2nd one, "free cash flow positive" in 2016 (!), EX-Apple execs flowing to Tesla (including "chip guru" for autonomous driving. Amazing stuff..and still TSLA stuck at 190, as Mkt soars!
A strong Mkt could delay that test. But this week's market doesn't seem ready to accommodate much strength.
..But it won't. Because we're now in a BEAR market, and the wind is at the backs of the Shorts. Even a
rally that lasts a day or two longer won't help TSLA overcome resistance near 210, where Big Longs dump.
Sentiment: Strong Sell
Lots of hype and guessing about lots of workout clothes purchases. BUT LULU trading continues to struggle thru 58s, even in today's plus-225 DJIA. And Moneyflow stays in negative territory. A breakout above last week's 61 area is needed...and unlikely in a Bear Mkt. And EPS aren't due until about 3/24 to resolve it all.
That...and Barron's actually letting a Tesla BUY recommendation be printed under its heading. Over
the decades, Barron's (with Abelson) was once noted as the most influential and early bearish
publication on stocks that have "had it". REP, Barron's.
Bulls and Bears will have different answers. But the investment bankers are simply in a straitjacket. They
don't know how to twist out of this mess. Bulls still threatening them ("Don't let it drop"!) Bears (and the
Bear Mkt) insisting that a company burning all its bridges (..its cash, that is) cannot survive a down economy.
..by a notice from several brokerages that TSLA was no longer available to Short. The move from 193s to 210
will not be repeated anytime soon...and those now selling out will not be able to short as they leave.
which will fail to hold.
No. And besides, who would TSLA sell to? Certainly not AAPL. How about to CNBC.