Do you know how many times people have posted "Its Over" on this board over the years?
They've all been wrong.
One thing I do NOT like about trading this stock is the almost criminal spread between the bid and the ask. The MMs are really cleaning up there!
Still, as long as one may make money...buy buy buy!
and customers hate that -- charge me more if you need to, but I didn't come to Chipolata to go away feeling like "you shorted me".
Sell this stock, if that's the future then it's not going to work.
Sentiment: Strong Sell
I went to one last week and it was empty! I went to see what all the hype was about and to see if there was an investment opportunity. I didn't make it past the menu. A taco was $7 and here (in San Diego) you can get a really good taco for $2.50 on every corner. For about $7 you can get a complete meal. No wonder the place was empty. I don't think they can make it (here at least). When the Honeymoon is over look out.
CMG traded most of today above $668 until the last hour. Then the market maker went dumpster diving hoping to get the short $665 puts expiring to day to cover (buy puts to close). I have seen this type of play many times this year all having to do with options expiration. The fact that CMG closed below $665 is not important. I will not be put the stock since once it opens on Monday If it goes above $665 the market maker will lose out.
It also occurred today with HLF with expiring $31 puts. I just opened up a short put position at lunch time today for the purpose of scalping $100. The dumpster dive at the bell to $31 ended above $31. A trader needs to take the bait once or twice to know he has been taken to the cleaners. Just don't take the bait.
Taste of CMG's burrito is a pure #$%$ comparing to the taste of Blaze pizza. But it takes 120-180 seconds to bake Blaze as compared to under a minute to assemble rice burrito.
Blaze Pizza on Fox Biz news now with Pres COO. Open in more states than Shake Shak. Captioned as the "chipotle" of pizza. So what's that gonna make CMG's pizza venture?
Oh another dullard shortstuff looking to make $79 on a day trade. So you are talking about Pat Flynn? Let's see..... he sold 800 some shares, leaving him with "only" 7600+ shares still. Boy that is a real bail out. And let's look at his last sale which occurred on April 29 2014 at $492/share. Does that date ring a bell for you? It is almost to the day that CMG began the epic runup. A mere two months later the stock was at 681.....two months, almost 200 points. So if you are looking at a sale by Flynn as being some sort of a harbinger of an impending crash, history and facts are not on your side.
Of course that is the hallmark of you shorttards. You try to scare using half truths, false implications and the like. I will have to clear some more space in my wallet for another inflow of shorty cash I guess.....