13 in a ROW? PTLO has gone PT-LO, so I'm taking a bite at 10.63Sorry this is a late add but it's been a busy afternoon. I know the earnings report was very mediocre, but 13 consecutive down days seems excessive and borderline hysterical to me.
Basically the same earnings and revs last quarter shot it from 9 to 13.5. Maybe split the difference and 11.25ish seems more reasonable to me given that they are still expanding into high growth metro areas like Houston.
As always, I'm just a trader looking for an opportunity for a quick buck. It's been oversold for 2 straight weeks now, but I'm just going to take the FPC route again. I'll add as long as it stays oversold (aka continues its streak) and sell any lots as soon as they become profitable. There's also a little support right below this buy point, so that's a plus. Also, the last 12 times it's been oversold before this debacle, it bounced back to profitability within 2 trading days, and in its entire history prior to this, its longest oversold streak was 8 trading days, so this 13 day bearish bender is definitely a statistical anomaly.
BTW, they are pretty expensive for what you're getting, but the food is good. Their chocolate cake is overrated, but the Italian beef is not. Fun fact, I grew up 10 min. away from the first (and for decades, only) Portillo's. I will always have a place in my heart for it - BUT IT BETTER MAKE ME MONEY. If it does, I will spend some of the profits at Portillo's to celebrate - deal?
