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.
I followed hot stocks such as krispy kreme, icpt etc and their movement pattern as below:
First when they announce exceptionally good news and analysts jump in, they skyrocket the first days some time the 2nd day, then drop the next day. Then they rise again with analysts's upgrade to sky-high target price normally higher than the first time. They continue upward with slower pace in a few days or a week and volume dry up.
Then they start seesaw up and down a few days then start coming down first slowly and accelerately because there is no more buyers but many sellers (take profit) and shorts jump in.
Now PBYI is in the stage of seesaw and start to come down that the reason why I said it's time to short.