How high can the stock market go before a correction?

[brooks85]

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.

[Mac4Lyfe]

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.

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.

[sbrhedge]

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.

[Boner_18]

Good day to get long(er). Buying:

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

[brooks85]

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.

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.

[kidcudi92]

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?

[brooks85]

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

[bruins35]

is today the first day of the correction?

[jjgold]

On every moderate downside day the market has always bounce back the next day let's see what happens next week

[sbrhedge]

is today the first day of the correction?

correction already started months ago for a lot of stocks

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

[jjgold]

lets see

Dow could drop another 100
SP 20-30 or so

[kidcudi92]

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

[Russian Rocket]

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.

[kidcudi92]

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!"

[Russian Rocket]

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

[sbrhedge]

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

[jjgold]

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

[bruins35]

I predict market is up huge today "friday"

[jjgold]

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

[Ralphie Halves]

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.

[reddevil84]

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..

[TheCentaur]

Futures pointing to another day like yesterday

[I/O]

I don't think there is any correction

News said Feds may increase the cost of money.

[Ralphie Halves]

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

[jbart28]

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.

[bruins35]

not looking good guys ,might be time to sell and buy some gold

[brooks85]

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

[jjgold]

Corrections are good for any stock market

Look for an August dry spell

I think in the fall we will see a nice spike

[TheMoneyShot]

Another -300 day??? Place your bets!!!!

[Russian Rocket]

I predict market is up huge today "friday"

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!!!

[tony_come]

Don't play attend to the djia.

[jjgold]

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

[Ralphie Halves]

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.

[TheMoneyShot]

How many consecutive minus days will there be in a row? Uh oh.

[Bostongambler]

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?????