Depends on the general market, the DOW, NDAQ. We are in a consolidation phase, if not in a downward move. The sub-prime situation is not over. The price of CMG is substancially inflated for a restaurant compant. Even if the earnings are extremely good, it is already priced in the stock. Should there be a minute disappointment, the stock could correct by major propotions, such as $20.00 to $40.00. I seen it happen, many times over. It is time to cash in. Sell!
You are right i took profit and feel much better.in this market stocks are showing good earnings and selling off.cmg is a 90 to 100 stock at this time.cramer is right when he says to sell it.alot of people are holding on thinking there will be a 2-1 split.i don't think cmg will split this earnings if ever.