http://www.reuters.com/article/2012/07/11/us-finra-suitability-idUSBRE86A0ND20120711
The above link is a new FINRA rule that goes into effect Monday. To sum it all up, it holds broker/dealers/advisers accountable for ANY recommendations they disclose even if the prospect/client doesn't even have an account held with them directly. This should have a huge impact on just about any licensed professional telling you they have a *HOT* stock tip.
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Saturday, July 21, 2012
Friday, July 20, 2012
CMG released earnings yesterday and the stock got crushed right from the get go this morning. Being an employee of a food service competitor, I believe with the increase of commodity price inflation, it will be very difficult for any of these food services to maintain their level of profitability for a very long time. However, they do have pricing power so that they can subsidize their commodity price inflation in their sales items. Here is a maximum chart since inception of CMG and where long-term holders will want to consider picking up the stock. From my support line, it looks like $200 is where the stock needs to retest the technical 'long' guys start throwing money at it again.
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