Struck Gold Today On Chipotle!!

Look at Chipotle! Puts doing wonders today...just sold them and shifting lots of the profits to more December SPY Puts. I hope some of you got in on the Chipotle put/short ideas I was posting the past few months.

Congratulations on your idea and your patience!

I'm glad this piece of crap is finaly dieing and there is someone there to make money on it. These idiotic momentum parabolas are such a pain in the butt. RIMM, FSLR, NFLX, CRM, GMCR, I can name dozens of them over the years. Some gave up, some are yet to give up. Those overpriced and overrated tacos have caused me some pain back in the day. Glad you cashing in on it.

Edited by ogm, 20 July 2012 - 11:52 AM.

Congratulations on your idea and your patience!

Thanks DIVOT. Today feels really good....fundamentally it played out as expected...I was also lucky that this was one of those
momentum Netflix type stocks that go up forever until the trendline breaks on a revenue miss (usually) or some other piece of bad news. And when it does the bottom just falls out because are the trend buyers disappear and big blocks start dumping into air on downgrades.


Now it's time to use that money on SPY puts. Today looks like the beginning of the move to 1230ish I'm hoping for over the coming weeks.

Edited by Macro Speculator, 20 July 2012 - 12:09 PM.

I'm glad this piece of crap is finaly dieing and there is someone there to make money on it.

These idiotic momentum parabolas are such a pain in the butt.

RIMM, FSLR, NFLX, CRM, GMCR, I can name dozens of them over the years. Some gave up, some are yet to give up.

Those overpriced and overrated tacos have caused me some pain back in the day. Glad you cashing in on it.

Thanks ogm.

These idiotic momentum parabolas are such a pain in the butt.

Those overpriced and overrated tacos have caused me some pain back in the day. Glad you cashing in on it.

You could call it idiotic parabola or whatever you want to. But those who rode that baby, even a small part of it, from 40 to 400 (1000%) are the one's who can be placed in the category of smart traders. Even the most intelligent bear who shorts it right near the top and rides it zero would only make 100%. Their food ain't so bad (unless one was short from 40 )

These idiotic momentum parabolas are such a pain in the butt.

Those overpriced and overrated tacos have caused me some pain back in the day. Glad you cashing in on it.

You could call it idiotic parabola or whatever you want to. But those who rode that baby, even a small part of it, from 40 to 400 (1000%) are the one's who can be placed in the category of smart traders. Even the most intelligent bear who shorts it right near the top and rides it zero would only make 100%. Their food ain't so bad (unless one was short from 40 )

Call it whatever you want, but I only trade these momentum stocks from one side. I may get hurt once in a while, but playing the game of musical chairs where the last "smart trader" is left holding a big steaming bag of crap, isn't my game. To each his own.

I'd rather stick to boring dividend paying stocks like DLR, for investment purposes. Even though that one is turning into momentum train too.

As for % returns... I doubt anyone rode this from 40 to 400. and it took a long time to ride. And if you were short and timed it right, you'd be making 25% in one day now, and if you played options, even more. I'll take 25% in one day vs holding an obvious pile of crap in hopes of making more on a greater fool theory any day.

Edited by ogm, 20 July 2012 - 01:18 PM.

These idiotic momentum parabolas are such a pain in the butt.

Those overpriced and overrated tacos have caused me some pain back in the day. Glad you cashing in on it.

You could call it idiotic parabola or whatever you want to. But those who rode that baby, even a small part of it, from 40 to 400 (1000%) are the one's who can be placed in the category of smart traders. Even the most intelligent bear who shorts it right near the top and rides it zero would only make 100%. Their food ain't so bad (unless one was short from 40 )

That's why I used puts on these...the payoff on catching momentum stocks near highs shortly before they implode is enormous.

These idiotic momentum parabolas are such a pain in the butt.

Those overpriced and overrated tacos have caused me some pain back in the day. Glad you cashing in on it.

You could call it idiotic parabola or whatever you want to. But those who rode that baby, even a small part of it, from 40 to 400 (1000%) are the one's who can be placed in the category of smart traders. Even the most intelligent bear who shorts it right near the top and rides it zero would only make 100%. Their food ain't so bad (unless one was short from 40 )

Some of the July options are up like 8000% today...I didn't have those because I got mine a while back for September strikes. but even September ones were up 5-6x this morning.

Congrats on the trade. I can't keep up with what somebody posts more than a few days to a week, so next time how about reiterating a day or two before earnings so we won't miss it.