• TWIMO (151403908) : There’s one thing I dislike about listed restaurant companies. In order for the stock to do well, it must charge ever higher prices and stinge on workers compensation. Pretty ironic really..

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• 10baggerbamm OP TWIMO (151403908) : with cava you and you think about it it's not like Trump's executive order on no tax on tips benefits anybody because it's not a restaurant that you would sit and have servers everybody's behind the counter and some of the covers are completely automated they don't even have people making salads.
  this is a very good business however when people lose money in the market they're not going to spend $7 for a caramel macchiato venti please at Starbucks they're not going to spend $15 for a salad. bowl.
  what happens is many people are not staring at the stock market everyday they actually have a life unlike me they go to work they come home they kick the dog they tell the wife the food's overcooked I know that's the 1970s approach
  they go to work they come home they try to smile and be happy even though their boss now has given them 10% more work because they streamlined and fired the guy to your left who thinks he's a cat and the company no longer embraces dei so your test with picking up his workload. you don't get an increase in pay but you do get to keep your job so you should be appreciative. and then you go out in the mailbox you getting your monthly statement for your brokerage account
  HOLY FUCKING SHIT WHAT THE FUCK HAPPENED!
  and that's the reality of the world we live in that's when people cut back spending that's when they don't book cruises they go honey we're going to be camping in the backyard this weekend for our going away anniversary present I took the 10 out of the attic it only had a few holes in it from the moths over the past decade but it should be good there's no rain  in the forecast. well have a great time
  oh and the kids I'm having them where their suits and ties you know when we went to your mom's funeral they're going to be delivering us food.
  oh no no we're not going to be able to afford to order in so I had them take the hungry Man dinners that have been sitting in the freezer for the past 10 years you know the Sub-Zero in the basement that's what we're going to be having for dinner on our anniversary we're going to have a great time.

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• TWIMO (151403908) : hahahahahaha I find your elaboration funny. It’s realistic but funny. However, knowing that you’ve lived through the 70’s and 80’s gives me calm. The good life was when parents and children sit around the dinner table eating and chatting and watching some TV and the dog barking for a bone. Living within means.
  When we go out to eat at restaurants, we greet friends at the next table, the chef comes out to chat with guests.
  We don’t upgrade big screen TV or mobile phones because Sony and Samsung and Apple needs to sell new models to hit quarterly targets. We don’t own all the colours of a Nike.

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• 10baggerbamm OP TWIMO (151403908) : I was born in the 60s and I remember in the early seventies we had a little nine inch black and white TV I don't remember the brand probably a zenith sitting on the corner of our kitchen countertop and the four of us at her dinner table when we would sit would watch the TV news coming across I think it was like maybe three stations that would pick up and then on UHF and I know I'm losing a lot of people when I say that it was channel 20 that it picked up so like maybe four stations total that's what you got back then in a good old days
  anyways the news would do a death count during the Vietnam war they would put how many soldiers were killed that day on the news so you had a counter a number that would ratchet up and sometimes during the news they would change it five more soldiers were killed we just heard and they would raise the number.

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• 10baggerbamm OP TWIMO (151403908) : I grew up on hand-me-downs from my brother who was a year older 13 months exactly so whatever he wore I got I got his shirt I got his pants I got his shoes we were considered like middle class growing up early on it was a challenge for my dad he had many a jobs over his life kind of a bounced around he worked in Montgomery wards they called it monkey words Sears and roebuck he worked at a Chevrolet dealership he sold cars never could find his way and then he wound up at Prudential where he excelled and from the '70s early on when he got a job there. we would sit around my mom my brother myself and we're sitting taking turns dialing 411 for information because there was a list called a mortgage list from Rufus luskin's son s. it showed all of the purchases of homes in a geographic area that my dad wanted to try to sell life insurance to these people and homeowners insurance to these people. except this list did not have phone numbers so we would call 411 on a rotary phone and I know I'm dating myself when I say that not even a push button and the phone was not one that you put on your table it was attached to the wall in your house... no mobile phones back then. you had a coiled extension cord that would stretch maybe 4 ft and then my dad bought one from radio shack another defunct 70s business that stretch like 30 ft so we could take turns passing it around the kitchen table and still be seated
  would call 411 and back then the operator permitted you to ask for two numbers two phone numbers so the three of us would take turns calling the same operator because you weren't going to China or Malaysia or Singapore you were going to an operator that was geographic to your area and there was only one or two that were on duty at a time so you're calling the same person a hundred times in a night so we would put a napkin over the phone to change our voice . that way we were hoping they wouldn't recognize that between my mom my brother and myself we're the ones calling hundreds of times throughout a day to get the phone numbers of people that bought houses so that my dad could cold call them to try to set an appointment up to sell them homeowners insurance and life insurance and all that shit

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• Djakin470 : @10baggerbamm: what strike price is good for puts?

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• The wolf of Toronto : is it a buy at this price before the earnings or should we wait for more drop??

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• 10baggerbamm OP The wolf of Toronto : there's no support it's in a free fall you don't want to try to catch the knife.. 103 104 is the 250 I don't know where it's going to meet the stock but somewhere is in there it'll find some support I think maybe at that level but to gamble on earnings I don't like doing that at all.. look at the past several quarters of earnings look at the market reaction that day did you get a gap up if so how much if they beat the past several quarters and you had a gap up it's probably going to happen again

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• The wolf of Toronto 10baggerbamm OP : it always gap up and the previous earnings were solid. Now the gap down close at 105. 105 should be a good price, 100 is beyond a steel, there are good chance that the earnings can be good. just look at Shake shack lately.

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• 10baggerbamm OP The wolf of Toronto : I'm not going to tell you not to do something you have a brain you have decision making skills you earned your money if you feel comfortable taking that level of risk then you need to do it you know you're going to take responsibility for your actions when you're right you're going to make money.. and when you're wrong you're going to lose money that's the big boy game that we're in all I'm saying is go back and look at the pin action on the past several earnings days I own kava when it was like 32 bucks I should have kept it I'm an idiot I didn't even keep any profits in it I think I kept them for like a week or two weeks and hit like 37 38 and I sold everything.
  well if it has good gapping up post earnings or sustained rallies post earnings if you feel comfortable doing it pull the trigger and buy it

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• 10baggerbamm OP The wolf of Toronto : very familiar with shake shack it's a great story the history of the company when they started I listen to somebody who has a very large position yesterday talk about it you know and saying that over the next five to 10 years the stock is a 10 bagger it's going up a thousand percent if you can hold it that long because their business growth trajectory is 45° the amount of stores are opening the revenue and the profits per store they have the secret sauce from a business so if you're going to buy for a long-term position that's fine if you're going to buy for a trade and the trade doesn't work out you got to decide how much pain you are going to take that's all I'm saying

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• StreetWizard : on the weekly. failed on the daily, positive earnings will just bring it back to where it was last week, around 130-140. Momentum after that may carry it forward, but negative earnings and this will break century mark and then good luck.

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• StreetWizard : wingstop brought down related stocks.

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• The wolf of Toronto OP StreetWizard : oh I see. Thank you.

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• The wolf of Toronto OP StreetWizard : do you think ahead of the earnings and at this price,
  CAVA is a buy or not?

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• The wolf of Toronto : it looks inversely correlated though

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