CMG

Discussion in 'Stocks' started by vanzandt, Jul 11, 2017.

  1. Oops, a bit early on that call. We've got the setup now though, watch for building volume and a volume spike. That would suggest low 340s before close. All bets are off what the last 15 minutes will do today, no calls to cover, and both bulls and bears will lighten on risk for the weekend.
     
    #21     Jul 21, 2017
  2. Is Ackman still in this name?
    Will CMG($298) pass MCD($156) on the way down?
     
    #22     Sep 19, 2017
  3. vanzandt

    vanzandt

    Reports after the bell.
    This one should be interesting.
    Its overpriced imo, but the pig could run.
    High short interest.
    Pure coin toss here.
    Good short after the dust settles....
    Unless they breathe the "C" word.
    China. That would be good for 100 points.
    That won't happen.
    Give this thing a multiple slightly stronger than MCD... you get $270.
    But fundys mean nothing right now.
     
    Last edited: Oct 24, 2017
    #23     Oct 24, 2017
  4. Anyone who wanted to sell this already did (plus a few more given that short interest). The market isn't very optimistic going into it. The only thing that gives me pause here is the massive range on analyst estimates. But anything north of 1.80 or so EPS should send this up. The 3% range of the ATM options looks a bit inexpensive here. Chains suggest a bullish sentiment. I would say 2.00 puts 5% up in play, 1.20 puts 5% down in play. If it falls within 1.40-1.80 it's a crap-shoot and ATH likely gets it wrong.

    If I were playing this, I'd take the bull side for sure...I might roll the dice after hours if I think they got it wrong based on the above.
     
    #24     Oct 24, 2017
    vanzandt likes this.
  5. vanzandt

    vanzandt

    Its one tricky bitch.
    I agree the straddle looks cheap.
     
    #25     Oct 24, 2017
  6. vanzandt

    vanzandt

    I think it goes up.
    I went long just above 324
     
    #26     Oct 24, 2017
  7. The straddle doesn't but each side of it does. It's going to be a bloodbath for someone if this one shows $355--can't really figure out from the chains if retail is short from 245, or long. I suspect this is the other side of a 330-345 or 340-345 debit spread. Either way, market sentiment is bullish on this release...
     
    #27     Oct 24, 2017
  8. vanzandt

    vanzandt

    Same store sales 1%...
    Street ain't gonna like that lol.
     
    #28     Oct 24, 2017
  9. vanzandt

    vanzandt

    Ooooo
    Its ugly lol
    $280 easy
     
    #29     Oct 24, 2017
  10. hajimow

    hajimow

    Ouch !!
     
    #30     Oct 24, 2017