Not sure which companies report next week but I think the market finally realizes oversea crisis in Ukraine, Israel and China - Japan are set to blow up into one big stock market correction. Obama campaigns while Putin shoot more missiles at Ukraine soldiers. Kerry flies in circles thinking he can make the Hamas look like good guys and Japan starts military build up to confront China head on. Tvix looks ready to jump and when I say jump I mean over $10 a share.
I'm in your boat. Have to wait until Scottrade clears my three day trade window in IRA trading. Loco is a spring coil ready to explode higher. Obviously the IPO price was under estimated. Thinking next Friday we are over $30 a share and heading for $40.
Investors love El Pollo Loco, translated as “The Crazy Chicken,” because it’s the latest quick service/fast casual chain to emulate Chipotle’s rapid growth. The Mexican-style grilled chicken restaurant has just over 400 locations across 5 states, but the vast majority (352) are in California.
It also has locations in Nevada, Texas, Arizona, and Utah — split between 168 company-owned stores and 233 franchises. El Pollo Loco opened 7 new stores in 2013, and plans to up to 16 in 2014. The chain’s IPO timing couldn’t be better. Zoe’s Kitchen shares popped over 70% in its first day of trading in April and have risen even higher in the last three months as investors sought to get in on the ground floor of the next Chipotle.
You'll kick yourself for not buying under $23 a share, especially come end of year when Loco is trading near $60 (plus) a share.
Simple because Loco has the best Chicken around, among other fine choices on its menu.
Always smart to buy a stock stock that is way up on a down DOW day. Loco could easily be over $26, $27 a share if the DOW was green today. No matter it will be at that level come Monday as it ramps higher as new investors come flooding in.
open $38 tomorrow as rumors grow strong of a takeover. Yahoo now in play and who knows - Maybe Msft will make a play for it. Not too many big internet players around anymore, and Yahoo is the leader as far as online usage
Best short play going forward - IBB and QQQ - both set to fall through the floor if the "correction" ever kicks in.
question is how far will it dive before it bottoms? $180, $170, lower?
Don't know if it will be a one day 200 point drop or several days down. Stock market seems to forget yesterday's news as soon as as the sun rises. But Russia is in deep trouble now since folks in Europe are finally seeing the forest for the trees and realizing that Putin is Out of Control. Furthermore, if Ukraine should fall to Russian terrorists, then Putin will set his sights on other Eastern European countries that he can take over as Merkel and Hollande sleep walk through Russia aggression.
Secondly, idiot newscasters in U.S. think the rumored capture of an Israeli soldier might become an opening - bargaining chip for peace talks between Israel and Hamas. Exactly the opposite is going to happen since Israel will be more determined to push further in Gaza, destroying everything in their path, that is a threat to Israel. Israel is doing more then cutting the grass as they say. Israel will go deep in Gaza, taking out tunnels, missile sites and Hamas terrorists. If anything the war will escalate and more casualties will mount on both sides.
Lastly, look for company earnings to miss or offer weak forward guidance. Second half of 2014 will show significant slowdown in U.S. economy as well as in China. Russia economy in free fall as Europe freaks out about gas shortage. Best to either short Spy or stay on the sidelines, since any one day correction now could turn into multiple day corrections.
news that Russia is invading Ukraine, to stop future commercial airline missile attacks. Putin will claim that he not only has to invade Ukraine to save his Eastern Ukrainian friends but also to stabilize commercial airline traffic in the region. So long "Bull" and hello "major BEAR".
Dust set to rocket over $30 a share in July as gold drops as the Fed warns of increasing interest rates. So long Q.E. and hello sub $1000 an ounce gold.
The dollar strengthened as jobs gains that exceeded analyst estimates and a drop in the U.S. unemployment rate boosted speculation the Federal Reserve will bring forward the likely timing of interest-rate increases.
The greenback rose against all but one of its 16 major peers as the prospect of higher borrowing costs set the U.S. apart from other nations that are adding to currency-debasing stimulus measures to boost growth
For you whatamarket - a wet dream For me a nice 15% profit over next eight days. Market won't know what hits it once the "correction" kicks in. And you think little 4' 11' Yellen knows what she is doing. HA
If weekly jobs claims come in higher then expected Spy sells off (big time) because that means the Fed is going to raise interest rates sooner versus later. Like early 2015. Market will correct knowing Yellen raises rates in near future. If job claims numbers come in below expectations, Dow could drop 100 plus points believing the the economy is weaker then expected and the second half of 2014 will be ugly. You do not want to be long Spy going into tomorrow since you will get your head handed to you with a 5% to 10% Spy correction. What goes up must come down and the Fed knows it will either raise rates to counter act strong U.S. economy or throw up its hands if the economy is slowing going into second half of the year. Spy is a short play here but not the best short play since IWM and QQQ will drop much further over next six months.