Chipotle Mexican Grill, Inc. Message Board
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The plunge to 300 will be fast
May not come tomorrow but it will come. Shorts will be rewarded when this turkey finally loses it's wings...
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You must mean $400 because thats as low as this ones going.
- 1 Reply to riley200834
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"You must mean $400 because thats as low as this ones going. "
Longs on this board are in a delusional state to be honest. As if none of them have experienced the 2008 crash, oh yes, during that crash the high fliers stayed at the highs good point....
Let alone a 60 PE, they can't imagine a PE of 20-30.
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Think about this, you and I both know that is not going to happen, in fact the shorts have already made a good buck if they cashed out now. I ought to know I covered today with a nice profit. The rush in my opinion is going to be to the upside as the covering frenzy begins.....wait and see I'm pretty sure the short squeeze rally starts tomorrow.
- 2 Replies to jimmyjet65
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Imho the market is being kind and allowing the shorts to cover with some dignity today but won't be so kind by Friday.
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There will be relief rallies but they will be short-lived.
This thing is in the process of being revalued and it could easily be cut in half from its highs.
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