Registered: Mar 2010
Posts: 75

Last pivot high was 7-19 at 404.59 avg range 2.3% $9.26 with a buy point 1 of 380.55 and buy point 2 of 366.15. It was downgraded by multiple brokers from a buy to a hold. But when this stock CMG generates a buy signal this thing is going to make some bucks. The last time I traded this stock was 7-5 at 384.00 out 7-13 at 386.22. I hope this next time is better.

Registered: Jun 2011
Posts: 1059

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Quote from simpletrade:

Last pivot high was 7-19 at 404.59 avg range 2.3% $9.26 with a buy point 1 of 380.55 and buy point 2 of 366.15. It was downgraded by multiple brokers from a buy to a hold. But when this stock CMG generates a buy signal this thing is going to make some bucks. The last time I traded this stock was 7-5 at 384.00 out 7-13 at 386.22. I hope this next time is better.

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Registered: Oct 2005
Posts: 2528

I was trying to think of who to compare it to...and decided there are some valid comparisons to Boston Market. A high flyer in the early 90's with better food than most "fast food" chains. Flamed out late 90's filed for BK and currently is privately owned.

They have a fine product and good workforce, but with higher food prices and strong competition can it regain its high flyer status? Seriously doubt it. How quickly it will go down is the bet to be made.


Compared to PNRA .........CMG is still definitely over priced. To get to the same financial's it needs to come down at least another 30% EVen PNRA though could be under pressure. I think all the food companies will have a tough go over this next year.

Registered: Jun 2002
Posts: 352

Debit spreads are tempting but hard with stocks like this. The same was the case with FOSL. Just long a strike is the trade with these. but never does one ever expect a risk/reward payoff like this in one session. Who expects something to trade down 80 points plus in a session. Sometimes you get what you ask for.....but IN SPADES!

Registered: Jun 2002
Posts: 352

Another comparison for this market would be FOSL. it had the exact same price action from that NASDAQ Sh*t show
They "broke" it in one session like 55 pts. It then traded down another 10 pts in the weeks there after. Also, a retailer, a high flying story stock.
I don't think anyone would call selling into any CMG lift a bad trade even if you took a hit on that shot. It would actually be deemed a good prob short term trade. Stock is broken.
But, put your ear out see what the talking heads are saying & whether you agree with them or think you should fade them.
It's at least a place to start to form an opinion.

Registered: Mar 2010
Posts: 75

The next time CMG generates a trade I will post it, if I remember. And we shall see if it is a winner.

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