I'm excited to see this stock get to a more reasonable 22 forward PE. Which puts it at 290. Then it is a good growth stock.
It had its run and then some. If you are long it is time to take profits. At best this stock will top out at 380. And then if you don't take profits then, you will just be waiting and waiting.
If you sold at the clsoe, you made enough to have lunch at Chipotle the rest of the week. If not, it's down after hours. Nothing goes up forever. If you think CMG will, you are pretty naive.
The sec needs to look into the trading of cmg today! This down action was like a flash crash and who benefitted from today's down move?? The selling was not heavy but down 12!! This is shady as cmg just posted strong earnings.
High frequency trading destroys value today