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Chipotle Mexican Grill, Inc. Message Board

  • EquityRich EquityRich Dec 3, 2010 12:10 PM Flag

    First momentum bails, then charters but then value/fundamentals come in

    This is very simple. Stock got ahead a little bit and when the momentum trade broke all the mo-mo guys bail. That breaks the chart so next the technical/chart traders bail. We are now seeing them exit the trade. Investors will continue to hang on and value/fundamentalists will add or initiate a position once it settles.

    CMG long term story is more then intact so use this as a chance to get a better entry. The world needs several 1000 more chipotle's. It has a fanatical following like Apple which few restaurants ever achieve. The food is great as well as the concept and management. Valuation will always be a bull/bear tug of war but if your look ahead this is a story you want to be long and keep adding when the market gives you the opportunity.

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580.83+3.04(+0.53%)Nov 25 4:00 PMEST