1. #141
    brooks85
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    Quote Originally Posted by Art Vandelay View Post
    LOCO leveling off today at around 29. Still a buy?

    I wouldn't recommend it. More than likely there will be a dip, maybe when options open and then maybe enter there.

    Chipotle is a better buy for two reasons. 1. When they put this rewards program in effect it would cut cost by 10%, rewards program is about people who order less stuff on their burritos get rewards points for a future free burrito. 2. Beef prices are going to fall in 2015,2016, just heard a guy on cnbc money other day talking about it.
    Last edited by brooks85; 07-28-14 at 10:09 PM.

  2. #142
    Mac4Lyfe
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    El Pollo Loco's food is awesome. My entire family loves their chicken. I'm not sure what you're talking about. Everyone I know loves the place. Only a few in Texas but once they expand, profits will go through the roof. I bout the stock immediately on open and have made a pretty penny already. Sold what I was in for and am playing with profits. This is probably a $50 stock within the year.

    Quote Originally Posted by brooks85 View Post
    I'm backing out of any LOCO IPO action. Never had el pollo loco, had a chance to see what their food was and not what I thought.

  3. #143
    sbrhedge
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    I refused to go to LOCO for years, then I went in 2010 to try their stuff and it was surprisingly really good.

    Mkt valuation for this company is still on the low side.

  4. #144
    Boner_18
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    Good day to get long(er). Buying:

    200 SPY 2/15 199 strike calls - $1106
    500 SPY 2/15 205 strike calls - $1500

  5. #145
    brooks85
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    Quote Originally Posted by sbrhedge View Post
    I refused to go to LOCO for years, then I went in 2010 to try their stuff and it was surprisingly really good.

    Mkt valuation for this company is still on the low side.
    Quote Originally Posted by Mac4Lyfe View Post
    El Pollo Loco's food is awesome. My entire family loves their chicken. I'm not sure what you're talking about. Everyone I know loves the place. Only a few in Texas but once they expand, profits will go through the roof. I bout the stock immediately on open and have made a pretty penny already. Sold what I was in for and am playing with profits. This is probably a $50 stock within the year.


    It would have been great if I could have actually tasted the food but there are no stores out East and the one's the did open failed. I was under the impression they were some kind of KFC competitor not Chipotle. They have a bunch of debt, are overvalued at current levels because they would have to sell multiple times more burritos than they are now and anyone who is buying is having their shares diluted. They have a negative tangible book value of almost $9.

    Now, personally, I think this company will grow but it would be a long, long position. I'm already out of my LOCO position completely, just sold at 37.20. I say when options go live, the price will drop just like go pro recently.

  6. #146
    kidcudi92
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    Cool thing to do these days is to get a company to the minimum requirements for an IPO, then dump when the shares become unrestricted time for SBR to go public. Shit Man U did it. Isn't trading their stock basically just sports gambling in a sense as the price moves on coaching moves, wins/losses etc?

  7. #147
    brooks85
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    Plus, you got US Taco chain opening soon that $YUM is going to be pushing hard.

  8. #148
    bruins35
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    is today the first day of the correction?

  9. #149
    jjgold
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    On every moderate downside day the market has always bounce back the next day let's see what happens next week

  10. #150
    sbrhedge
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    Quote Originally Posted by bruins35 View Post
    is today the first day of the correction?
    correction already started months ago for a lot of stocks

    Quote Originally Posted by jjgold View Post
    On every moderate downside day the market has always bounce back the next day let's see what happens next week

    this week is not over .. what happens if we close down 600 tomorrow? i'm not saying that's what's gonna happen, but that will change a lot of opinions

  11. #151
    jjgold
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    lets see

    Dow could drop another 100
    SP 20-30 or so

  12. #152
    kidcudi92
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    Quote Originally Posted by sbrhedge View Post
    correction already started months ago for a lot of stocks




    this week is not over .. what happens if we close down 600 tomorrow? i'm not saying that's what's gonna happen, but that will change a lot of opinions
    might as well just flash crash it for the fukk of it

  13. #153
    Russian Rocket
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    Quote Originally Posted by kidcudi92 View Post
    might as well just flash crash it for the fukk of it
    that's why they put fukking circuit breakers in place...you won't see another flash crash like we previously had - the shit will be halted in a blink of an eye, if something like this would ever happen again.

  14. #154
    kidcudi92
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    Quote Originally Posted by Russian Rocket View Post
    that's why they put fukking circuit breakers in place...you won't see another flash crash like we previously had - the shit will be halted in a blink of an eye, if something like this would ever happen again.
    i would like to believe em, but i don't trust em

    but the sentiment is correct, bring mom and pop back in after they fukked all their stop losses with the "ohhhh it'll never happen again promise!"

  15. #155
    Russian Rocket
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    Quote Originally Posted by kidcudi92 View Post
    i would like to believe em, but i don't trust em

    but the sentiment is correct, bring mom and pop back in after they fukked all their stop losses with the "ohhhh it'll never happen again promise!"
    right

  16. #156
    sbrhedge
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    Quote Originally Posted by Russian Rocket View Post
    that's why they put fukking circuit breakers in place...you won't see another flash crash like we previously had - the shit will be halted in a blink of an eye, if something like this would ever happen again.
    locking limit down is going to be even worse

  17. #157
    jjgold
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    Actually no reason for the big downturn today some profit-taking for the end of the month the books

    The stock market is all game

  18. #158
    bruins35
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    I predict market is up huge today "friday"

  19. #159
    jjgold
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    It should have a positive day on Friday there's really not a Ton of negative news for any sort of major downfall

    Nymex oil futures could be a good play

  20. #160
    Ralphie Halves
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    8:30 AM EST is gonna be a big one. NFP/Unemployment report. If this move down is going to have any steam behind it, the unemployment report has to get worse. It's been amazing all year, and just kept getting better.

    This is the first DOWN signal I've gotten on my chart for the S&P since January, and even that one was short lived. This one is worth nothing unless we get some real unfriendly data behind it this morning.

  21. #161
    reddevil84
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    Quote Originally Posted by jjgold View Post
    Actually no reason for the big downturn today some profit-taking for the end of the month the books

    The stock market is all game
    And what were the reasons for the rally of last months?! stock market is not an exact science, today is the correction day 2, would not be surprised to see 2-3% selloff that would made a 5% correction in 2 days..

  22. #162
    TheCentaur
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    Futures pointing to another day like yesterday

  23. #163
    I/O
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    I don't think there is any correction

    News said Feds may increase the cost of money.

  24. #164
    Ralphie Halves
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    So negative news across the board, but not by much. We'll see by next week if the market wants to correct for real.

  25. #165
    jbart28
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    The non farm payroll numbers are a joke. The U6 unemployment number is the real number. These part time jobs for shit wages and the millions who dropped out of workforce aren't calculated in the bogus unemployment rate. This economy is shrinking daily. GDP growth revisions when the public isn't looking have been terribad. We have no growth. We have no private sector jobs.

  26. #166
    bruins35
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    not looking good guys ,might be time to sell and buy some gold

  27. #167
    brooks85
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    I'm not worried the slightest. I hope it goes down another 10, 20%. Christmas in July almost.

  28. #168
    jjgold
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    Corrections are good for any stock market

    Look for an August dry spell

    I think in the fall we will see a nice spike

  29. #169
    TheMoneyShot
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    Another -300 day??? Place your bets!!!!

  30. #170
    Russian Rocket
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    Quote Originally Posted by bruins35 View Post
    I predict market is up huge today "friday"
    Quote Originally Posted by jjgold View Post
    It should have a positive day on Friday there's really not a Ton of negative news for any sort of major downfall

    Nymex oil futures could be a good play
    as always...brilliant work Gentlemen!!!

  31. #171
    tony_come
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    Don't play attend to the djia.

  32. #172
    jjgold
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    I'll give you two winners in the next 30 days

    30 year treasury note futures SELL @138.80 and nymex futures Buy at @96.30

    Easy cash

    Range trading products

  33. #173
    Ralphie Halves
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    Quote Originally Posted by jjgold View Post
    I'll give you two winners in the next 30 days

    30 year treasury note futures SELL @138.80 and nymex futures Buy at @96.30

    Easy cash

    Range trading products
    I'd love to see where you are getting these, Coach.

    The market is the one place where people just love to bark into the wind with no real basis behind anything.

  34. #174
    TheMoneyShot
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    How many consecutive minus days will there be in a row? Uh oh.

  35. #175
    Bostongambler
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    Quote Originally Posted by Ralphie Halves View Post
    I'd love to see where you are getting these, Coach.

    The market is the one place where people just love to bark into the wind with no real basis behind anything.
    No shit. Where are you getting these from Gold?????

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