Down $16... pbbbt. Rubbish. Chipotle is recession proof. Chipotle notoriously low balls their numbers so if they say same store sales are low to mid single digits (3-6%) they are actually gonna hit (6-9%). Don't forget 130 new stores opening up this year with new store sales YOY hitting 10-15%. The only place I know of that even after being open in my area it has lines out the door every day at lunch.
Congrats that you make some cash on the shakeout that was caused due to no reason what-so-ever, but I've seen CHipotle move up 20 points in a day which will soon happen. People are dumb and deserve to buy low and sell lower but there are tons more idiots who short low and buy high.
Please shorts, do one thing for my since you know so much. Short this stock to $0 because it's obvious from the blowout Q4 that Chipotle had that they are going out of business. Please could you please hold on for me? Thanks!
How do you think it hit $150? It was retarded shorts squeezing this stock up. You think Chipotle is going down to $0 and going out of business when it's opening up 150 new stores a year and see DOUBLE DIGIT new store YOY sales probably at least for the next 10 years?! Walk by any Chipotle and count how many people they cash out at lunch per hour, then multiply that number by ~$8.00 your jaw will drop when you see how much money they are raking in.
Please short Chipotle to $0! Nothing I love better than a short getting a MARGIN CALL! BWA HA HA HA HA HA HA!