The Barbacoa used to be a red color, not a bland brown, because they changed the recipe. Why? Because the old recipe had achiote paste in it with MSG. Yep. Steve Ellis didn't want to get caught serving MSG. Now the Barbacoa is bland and not only that they REDUCED the amount they put in bowls and burritos. Steve doesn't think anybody will notice. Wrong! I'm not going back. I don't need to. I make the old recipe and it's fantastic.
I bought 600 at $32 also, because it looked like a reversal. I bought $400 at $29. At $24.80 I started buying $25 calls. Buying calls is the cheapest, easiest way to average down. The $25 calls are around $1.90 to $2.00 but picked up some at $1.85 today. I will buy more calls for Oct and next I will start buying November and December.
You're going to need to be patient a little longer. This thing moves from 5 standard deviations to the mean to other extreme of 5 standard deviations from the mean. I found that shares are not borrowable to short and that JMEI was on the illegal fail to deliver naked short list nearly everyday from mid August to the beginning of September I assume in anticipation of the BABA IPO. Seriously the bankers telling their clients to sell their other stocks to fund their big "IPO" really stinks. The selling started EXACTLY one month before the first trade date. The float is so small, how in the F will big players even cover? This candle has a lot of rocket fuel under it. $25 is the major last uptrend line going back to the first days of trading. I bought more $25 calls today and might buy even more if it continues to base at $25.
Can anybody explain why TSL would be running at full production capacity and they can't keep with demand and an Axiom analyst says at the same time that they are going to have to write off boatloads of inventory? Is the inventory obsolete and can't be reused?
Just downloaded the SEC data on this and found JMEI listed as a naked short and fail to deliver nearly every day between 15 Aug 14 and 30 Aug 14. Illegal.
I completely agree. 4 to 5 standard deviation price moves from the mean is just incredible volatility. Reversals pay off beyond handsomely. Watch institutions demand more shares to dampen volatility. They have to run this thing up in advance of the IPO lockup. That is the next catalyst.
I think a drop which has been a full five deviations from the mean on the daily chart is a bit excessive and just had a 3 surge down with some high volume. Even at earnings it was up only 4 deviations from the mean.
Right on. I call it the "shoe formation". You it a lot and right when prices get to the toe, the "football" is kicked off the tow upward. I think the only thing that is going on is bids were dropped to accumulate here in the shoe. What's going to happen next week is the Alibaba IPO Road show. Prices are depressed on JMEI in anticipation of that. Once the road show starts, it won't be possible to just drop bids and let prices fall. That stuff ends tomorrow or Monday at the latest. Gravestone doji on today's price action. All China E-Commerce is going to soar into the Alibaba IPO. If you have profits, I'd sell on the BABA IPO, but that's just me. It's going to be waaaaay overpriced.
BABA Road Show starts week of the 8th and shares should start trading week of the 18th. I think the road show will highlight all China Ecommerce stocks including JMEI and others.
Today's Candlestick on the daily chart. Also a fake breakout to new 7 month high failed. topped out near 50 day upper Bollinger band. I think this comes back quickly to the 200 day moving average and 50 day moving average which are close to each other. That will provide support at $30.16 to $30.42. Never trust analysts and CNBC pumpers.
In to ride the Alibaba IPO hype. I think this will be the jumping the shark moment for the stock market. I wouldn't not buy Alibaba on day one. I think it will selloff hard and take JMEI and JD with it. But the ride up to it should be good!
When I buy tech stuff, unless I need it today, I goto tigerdirect and newegg. Online shopping there is easy and you have a ginormous selection to choose from. Not at online BestBuy and definitely not in the stores. As one other person pointed out, never buy cables there.
That's from expense cuts and not organic growth from sales. Sales have been declining for quite sometime, at some point you run out of expense cuts and have to close stores and fire people.
Pumpers at CNBC, a couple videos online, Pumpers at RBC Capital raised a price target and kept outperform rating. Also look at Macy's after earnings. I don't think BBY will do what Macy's did.
Do you know that they consistently lose money and have a finite amount of cash? Do you value a company's value based on stock price alone? Let me suggest a free site called finviz that provides free important fundamental data on all public companies. It's free. I use it.