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Chipotle Mexican Grill, Inc. Message Board

  • sandyeggojake sandyeggojake Mar 15, 2013 1:57 PM Flag

    Correlation - Long short.

    So what does $AAPL have in common with $CMG? (Other than the first is a fav long, while the last is a fav short of David Einhorn's Greenlight Capital?) Don't know. But it you run a 10 day correlation, it is striking just how much they have moved isince November, rolling between near perfect correlation to near perfect opposition. We suspect that when and if $APPL breaks out, we will see $CMG shorts used as a source of funds to add to $AAPL longs.

    Sentiment: Sell

 
CMG
678.06+5.27(+0.78%)Dec 26 4:05 PMEST

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