Why I don't take profit when I know WS crooks will raise price the 2nd time to trap naieve investors after they bag shorts the 1st time the same way they did in previous case with other stocks such as icpt, srpt etc.Then I short again.
Next they sell then short before they downgrade pbyi to make pbyi crash for them to buy to cover. Wait and see.
By the way last time I shorted 300 pbyi at 235 and covered at 197.50. This time I shorted at 213.50 and will cover under 150.
I know the reason you buy because you hope there are some ones who are more stupid than you to buy with higher price. The same craziness happened with other stocks such icpt, srpt, krispy Kreme etc...
But you should understand this artificially high price is fabricated by Wall Street crooks to rob money from both longs and shorts.
I also hear cmg would offer burrito car. When you hit the button the burrito will drive itself to your house. Also they offer burrito drone. it can fly to your place after ordering.
It's so ridiculous when analysts who work for Wall Street crooks call CMG, a Mexican burrito fast food chain, a trendy restaurant deserved higher price to justify 677/share and PE 64. If so, all restaurants in America are trendy restaurants.
I forget to tell you who creates this crazy product: The cartel of Wall Street crooks. They'll take money from both shorts and longs.
You'll see soon someone will denounces this artificially high price or downgrades this Mexican burrito fast food.
I think cmg is worth less than 100/share.
I can't agree with you more. This case is exactly the same with icpt a few months ago (from 72 to almost 400 in 2 days, then drops like a rock). This is a Wall Street crooks's scam desired to trap naieve investors.
Ask yourself why you buy pbyi when it's already up more than 4 times and its drug is waiting for years to be approved if possible?
I'm sure like hell fund managers are selling like crazy now to get your money.
The bad guys keep raising price by buying and selling at the same time with price higher and higher to lure innocent investors to buy. Then they dump their shares to make profit and cmg crashes soon.
This is how wall street crooks make money on american workers's 401k saving account. No matter how good mexican food is, it can't be worth that price.
Wunderlich analyst upgrades CMG from 542 to 560. Why in the world someones are willing to pay 605?
The only thing which happens is some scam artists raise price to squeeze shorts and lure longs to buy. They might raise price to unload their shares because they knew in advance bad news coming. Wait and see in a few days.