Going off in a different direction here. Looks like it might be one of the worst investments of all time if I am not correct. Sold a put with Nov expiry.
https://ibb.co/s9P5CpnQ
CBRL
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SOL
- Power VS Force
- Posts: 3292
- Joined: Sat Sep 26, 2020 7:32 am
Re: CBRL
It’s a volatile, long-shot play, based on sentiment, which means the reward profile is asymmetric. As long as it doesn’t close below 33 on a monthly basis, the outlook is somewhat bullish. In that case, a move toward the 40–42 range is plausible. That’s where resistance will kick in and decide the next course of action.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
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MarkD
- Black Belt
- Posts: 810
- Joined: Sat Oct 17, 2020 6:15 pm
Re: CBRL
Almost hit $49 today. I sold. Made some bucks. The management ain't good, the food isn't my thing, but the parking lots still fill most days.
"You can observe a lot just by watching"
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
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SOL
- Power VS Force
- Posts: 3292
- Joined: Sat Sep 26, 2020 7:32 am
Re: CBRL
Congrats
It is always better to look back and wish you had captured a little more upside than to watch a winning position turn into a losing one while praying for a return to breakeven.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
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SOL
- Power VS Force
- Posts: 3292
- Joined: Sat Sep 26, 2020 7:32 am
Re: CBRL
Structurally, MLI looks better than WEN. Possible entry points for an initial position fall in the 45 to 48 range.
An even better candidate, in our view, is BMI. Rather than chasing strength, use pullbacks to establish positions.
AZO is also a stellar candidate, but it's a very pricey play.
An even better candidate, in our view, is BMI. Rather than chasing strength, use pullbacks to establish positions.
AZO is also a stellar candidate, but it's a very pricey play.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most