Comments on: CMG starting to look like CROX http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/ Sat, 13 Mar 2010 03:09:49 -0800 http://wordpress.org/?v=2.8.2 hourly 1 By: chrisperruna.com » Blog Archive » RIMM is my Pick http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/comment-page-1/#comment-16950 chrisperruna.com » Blog Archive » RIMM is my Pick Fri, 22 Feb 2008 14:16:15 +0000 http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/#comment-16950 [...] thought about going short, with several stocks in mind, including Chipotle Mexican grill (CMG) but figured i historically do better with long positions. The market in general will be a huge [...] [...] thought about going short, with several stocks in mind, including Chipotle Mexican grill (CMG) but figured i historically do better with long positions. The market in general will be a huge [...]

]]> By: Chris http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/comment-page-1/#comment-16917 Chris Thu, 21 Feb 2008 01:24:37 +0000 http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/#comment-16917 Landola, Two places to gather institutional information: Daily Graphs or Vickers Research Landola,
Two places to gather institutional information:
Daily Graphs or Vickers Research

]]> By: Chris http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/comment-page-1/#comment-16916 Chris Thu, 21 Feb 2008 01:23:20 +0000 http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/#comment-16916 Eric, I prefer the 200-d m.a. unless the 50-d is below the 200-d. I find the best setups to come several months after an all-time high when the stock has already crossed below the 50-d m.a. and is now struggling to hold the longer term 200-d m.a. As far as premiums, I don’t have enough trades under my belt to say for sure what works. Expensive premiums are dangerous in my opinion regardless of the situation. Eric,
I prefer the 200-d m.a. unless the 50-d is below the 200-d. I find the best setups to come several months after an all-time high when the stock has already crossed below the 50-d m.a. and is now struggling to hold the longer term 200-d m.a.

As far as premiums, I don’t have enough trades under my belt to say for sure what works. Expensive premiums are dangerous in my opinion regardless of the situation.

]]> By: Chris http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/comment-page-1/#comment-16915 Chris Thu, 21 Feb 2008 01:18:11 +0000 http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/#comment-16915 Rafael, You could say that when looking at the chart, very much so! I never owned CMG on the upside so I missed the breakout. Rafael,
You could say that when looking at the chart, very much so! I never owned CMG on the upside so I missed the breakout.

]]> By: Landola http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/comment-page-1/#comment-16880 Landola Wed, 20 Feb 2008 01:12:42 +0000 http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/#comment-16880 Hi, do you mind sharing about how to get the information of institutional buyers? I remember seeing you mention it somewhere but couldn't find it. Thanks a lot. Hi, do you mind sharing about how to get the information of institutional buyers? I remember seeing you mention it somewhere but couldn’t find it. Thanks a lot.

]]> By: Eric http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/comment-page-1/#comment-16874 Eric Tue, 19 Feb 2008 19:52:04 +0000 http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/#comment-16874 Hey Chris, Regarding shorting, you said: "I will jump on puts about six months out on the first failed attempt to make new highs above the 200-d m.a." I have two questions: 1) Do you prefer using the 200-day MA to initiate short positions or the 50-day MA? Do you find the probability of future lower prices is higher when the stock shows bearish price/volume action at the 50-day MA more so than the 200-day MA? 2) When you're looking at puts to purchase, do you look at whether the premiums are expensive relative to their historical norm? Do you find that the put premiums become more expensive when the stock is experiencing resistance at the 200-day MA? Thanks! Hey Chris,

Regarding shorting, you said:

“I will jump on puts about six months out on the first failed attempt to make new highs above the 200-d m.a.”

I have two questions:

1) Do you prefer using the 200-day MA to initiate short positions or the 50-day MA? Do you find the probability of future lower prices is higher when the stock shows bearish price/volume action at the 50-day MA more so than the 200-day MA?

2) When you’re looking at puts to purchase, do you look at whether the premiums are expensive relative to their historical norm? Do you find that the put premiums become more expensive when the stock is experiencing resistance at the 200-day MA?

Thanks!

]]> By: rafael http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/comment-page-1/#comment-16873 rafael Tue, 19 Feb 2008 19:17:47 +0000 http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/#comment-16873 Hi Chris, a technical question, In the CMG graph, from mid-november 06 to the end of april 07 is that a cup with a handle formation? thanks Hi Chris, a technical question, In the CMG graph, from mid-november 06 to the end of april 07 is that a cup with a handle formation?
thanks

]]> By: Chris J http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/comment-page-1/#comment-16863 Chris J Tue, 19 Feb 2008 14:39:45 +0000 http://www.chrisperruna.com/2008/02/19/cmg-starting-to-look-like-crox/#comment-16863 Chris, I value your posts because you must be a good guy due to your name. Can you clear up CROX filling in it's breakout gap that occured in May. I'm reading technical analysis books and have not seen that scenario. Are you saying that gap was filled on the way down and the trend is now up? In my opinion, CMG had a head and shoulders pattern forming going into earnings. Chris,

I value your posts because you must be a good guy due to your name. Can you clear up CROX filling in it’s breakout gap that occured in May. I’m reading technical analysis books and have not seen that scenario. Are you saying that gap was filled on the way down and the trend is now up?

In my opinion, CMG had a head and shoulders pattern forming going into earnings.

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