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View Full Version : CMG Took a dive today.....

FGGFernando
02-14-2008, 08:32 PM
I think CMG might make a good rebound late next week (if not sooner) back into the $100.00+ range. What are your thoughts on a possible rebound?
MrSer
02-14-2008, 11:33 PM
When a highly projected growth stock misses earnings its never a pretty site. Those guys holding puts are going to make tons tomorrow. I personally think this will see 80$ either tomorrow or next week and thats being nice.
BuyOnDips
02-14-2008, 11:45 PM
When a highly projected growth stock misses earnings its never a pretty site. Those guys holding puts are going to make tons tomorrow. I personally think this will see 80$ either tomorrow or next week and thats being nice.

I tend to agree. High flying stocks that miss earnings forecasts can get real ugly. The stock has pulled back quite a lot in the last few months though, so it might not fall as much as it normally would. If I had to be in a fast food stock, I'd pick YUM because of their overseas growth. My favorite casual dining stock is TXRH. But I'd avoid all casual dining stocks for now. Food costs are going up and people seem to be eating out less.
MrSer
02-14-2008, 11:48 PM
To be honest right now i would just load up on solar. We are in a solar bubble right now. Oil rising plus places like Germany making contracts with solar companies. Its weird right? Germany a place where there is a lot of sunshine? Haha, they are the smartest right now taking advantage of what this new technology can provide us with. Can't go wrong with solar imo. One of the best solar places imo are sol and solf. Maybe throw some yge in there lets see how good they do tomorrow.
FGGFernando
02-17-2008, 09:29 AM
Did anyone make any money on CMG Friday? The stock climbed back to $100+ a lot sooner than I thought. I say the stock climbs back up to $109.00, then drops back down to $99.00-$100.00 range within the next couple of weeks.
BuyOnDips
02-17-2008, 11:57 AM
It didn't fall that much after the report since it was already down about 30% in the last 7 weeks. One analyst upgraded the stock on Friday too. But several others lowered their 52 week price targets for the stock.