Jim Kramer here to share with you a sample of my take on the market from today's

CMEC Investing Club warning meeting.

I'll tell you what does matter.

The people who sold Texas Roadhouse really hard on something we all expected, which was

higher beef prices, those who you take advantage of.

We sold some stock last week, a couple weeks ago when it was high. Yeah, a few months ago, 189, yeah. And the reason why we do that is so if something happens and we expected something happen, that people weren't included, we can buy it back. This is something in how to make money in any market. I talk about this notion, my book coming, I talk about this notion of when you don't want to lose a stock,

but you know that negativity could happen a la Honeywell when Honeywell spiked. You want to be able

to leave room to buy back stock that you sold. And that's what we did with Tech Roadhouse.

If it were down more today, I would say buy more. Why? Why? What I care about is the growth. And the

growth here is incredibly strong. Yeah, the comps were strong. That momentum continued through the first

five weeks of the third quarter. It's traffic driven, most importantly, right? They're not

just raising prices on their customers for growth. It's all people coming into the restaurants.

They talked about accelerating new unit expansion next year.

Always like to see that.

And they're doing bubbas, which does matter.

Yeah.

That's the other one of the three brands.

More seafood, not steak.

So I just think if you ask me, and I remember we have our meeting on Thursday,

what I'm looking at. I am looking at the ones that are so-called faded, faded angels that I think

are great places to do some buying. Of course, you'll hear that. Yeah, so we bought a little bit of

that on Friday. Finally, weren't restricted in Palo Alto and Starbucks this morning, so we nibbled on some shares as well.

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