The best traders stick to their guns. They trade with conviction and they believe strongly in their ideas. So did I when I shorted $CMG at various levels. But after holding out for 6 month and taking some loses all the way up to 440 I covered around 400 with small loss. Congrats today to the traders who believed. I’m sorry I did not make it to payday but Im still happy my idea was right.
2 Responses to “$CMG It finally paid to be short the most expensive food stock.”
drummerboy
i was wondering who got that one right,especially today. wow. more to come,in all the others,and it wont be from bad #’s.
The Equalizer
Now I gotta make up my mind – did $CMG miss because $JACK’s Qdoba is eating their lunch? Or is the whole sector going to miss for reasons cited in the $CMG report.
Disclosure: Long $JACK, although not necessarily into earnings.