Will push CMG significantly higher. Its highest volume in 3 months was on a breakDOWN 8 days ago. Only virtually unprecedent S+P 8-day rally has brought CMG back up to overhead resistance of these last 6 weak months. PE is inevitably declining, as CMG grows less promising stores. ..Lots of more promising young growth stocks for the momo crowd.
..2nd step closer to Burrito Cliff: Ridiculous MotFool "discovery" today by neophyte burro gourmet that Chipotle lines stretch around the block (briefly, at oldest, best sites)!...buy for "future"..ignore current slowdown. Despite such refried fervor, today's chart shows probable "exhaustion gap" upward open..stall all day..continuing negative money flow..and pooping of Mkt's recent record rally.
You know what .... if good ole mother earth does not self destruct in ten years...... which madame chlymydia has said won't happen............. a trillion 3rd world people are gonna fall in love with american food. albeit denver style burritos.
Try wearing a Buffet hat.... and think beyond your nose.
who are you trying to convince? message board posters, who's opinion means nothing and has no effect on share price for they only buy options or yourself? perhaps you just trade options. therefore your opinion is meaningless.