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Chipotle Mexican Grill, Inc. Message Board

  • nipuls May 31, 2013 7:23 AM Flag

    shorting this stock is good? which price will be favorable? Bearish or bullish

    Please advice

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    • Its very difficult to be bullish on this stock at this point. There are many headwinds this company faces, and an ever increasing amount of analysts and fund managers targeting this stock at lower levels (280-320), which some are just not buying, and others are shorting. Many expect to see a 15-20% pullback or correction from the 371 price. The visions of 400 seem to be disappearing as the negative pressure continues to build at the 370's range. I am not advocating to short this stock as it is going to 0. However, why not take a short position in the short term and catch 15-20% on a correction and possibly more in the meantime? Anything in the 370's is a good starting point. What is the upside risk, 10-20 points? But the downside chance is 50+. A Short play here looks like a safer play than a long one at these levels

      Sentiment: Sell

    • Not bullish but do not short this stock! The shares are tightly controlled and look to take advantage and squeeze retail shorts. The overvaluation has intrigued me but the manipulative trading on low volume is a sign TO STAY AWAY on the short side. There are better opportunities elsewhere

433.50+12.53(+2.98%)May 2 4:00 PMEDT