Same thing happens today 9/16/14. PBYI is down from 2 to 7 dollars all the time from 9:30am. Suddenly after 1pm only 2 blocs about 1500 shares raise price up 2.14 and just stay there. This manipulation is so ridiculous.
PBYI is a company with no real product only with a phase 3 product and a PR said vaguely that the drug is effective 30% for breast cancer without a word of side effect. Then stock price moves up from 45 to 265.
This is a real big scam created by its' CEO and Adage hedge fund. I think they can't make the stock to go higher and they'll sale their shares to take profit soon. The retail investor certainly will hold the bag.
Sentiment: Strong Sell
Suppose we short 100 shares.
If the earnings in Oct, 2014 is good (it can't be very good because all other restaurants earnings reported were not good) then cmg may be up to 700. We'll lose 2000.
If the earnings is not good and/or the guidance is not good then cmg price may be down at least 100 points or cut in half. We'll gain 10,000 or more.
If we buy 100 shares, the result will be reversed.
Make your pick.
forget one more thing: smoke marijuana and treat with novel drugs made by biotech Co. such as mdvn, icpt, pbyi if he or she gets cancer.
Every day eats burritos for breakfast, lunch, dinner at Chipottle Mexican Grill, wears clothes, shoes made in China, texts while walking, eating, studying in classes, riding in car and watch movies on Netflix every night.
He did pump cmg after an article on Forbe written by a young baby face girl. Any one who bought cmg at 697 this morning by listening to them, will lose money a big time.
Why it goes down 15 bucks so far?
Same scam is over again and again. The interesting thing is that people are falling in the trap every time and they call others who are not falling in the trap idiot.
Beside, today volume is anemic with higher price. Generally this means stock starts to go down.
CMG didn't crash now because Wall Street big boys try hard to hold price until they unload all their shares then they let cmg crash to the bottom even they would short it later.
Three years from now cmg will be a ridiculous, laughing story for every body.
CMG is the Wall Street fairy tale now. From 5 years later when we look back, we'll not understand why a small Mexican food chain selling burrito founded by a couple of fairy young men could have market cap 21 B and 673 dollar per share. This is one of many crazy stories created by Wall Street crooks to rob money from naive investors.
CMG collapse is unavoidable because it can not be a growth stock forever by selling burrito when customers fed up with its boring product.
Today 8/6/2014 pbyi was down more than 5 bucks. The pbyi downtrend started even without any bad news. The other hot biotech stocks were down as well.
If pbyi would get a bad news (bad earnings, side effect, FDA questions etc...), it's very easy to lose 100 bucks.
Today if you look in pbyi chart you can see what I'm talking about:
1. Volume is very low.
2. Every time pbyi is up because some little guys like nworbtra buy stock and make price going up instantly someones sell a large amount of shares 15 - 20 thousands to pull price down. That means big boys start to sell their shares and that signals pbyi on the way down.
I forget to tell you an important factor:
Because stock jump to high. It'll be a target for professional shortsellers such as David Eihorn, Bill Ackman,etc. They quietly short a huge amount of shares before they publicly denounce this stock is overbought, overpriced, even fake or cheated with a target price very low that make investors panic and sell with any cost. Wait and see.