Sorry to disappoint but this thing is going to $500 before $300. No position in CMG but this stock & market is crazy...from all the printing on the back of a bad economy getting badder by the minute. I stopped trying to short since early summer and actually went long on several stocks. I have no idea where the top will be and not looking to be the hero. But this will be one of my shorts once things are finally rolling over.
Not as much this year, but expecting a drop of at least 5-8% from today's high by sometime tomorrow. In the next six months will this see south of $300? Safe bet. Expectations for this overhyped, overpriced, blandly decorated, and yawningly basic menu establishment are hyperbolic. Along with NFLX, TSLA, and LNKD, someone is going to get very wealthy by timing their demise right. As usual, I was way too early, as I never believed the QE hype (error....).