Good technical alert. I am not a big fish but I looked into your comment and made some money. Helpful
You're wrong on why it might go higher. The computer will manipulate the price higher NOT any actual demand for shares at 42x multiple. The Nasdaq freeze exposed this manipulated monkey meat retailer for the price fixed scam it is.
Just saw this
"To fete its 20th anniversary, premium Mexican food chain Chipotle is holding a contest that will set up the winner with 20 years’ worth of free burritos -- that’s one free burrito a week."
TV show The Biggest Loser on standby to help the "winner"!!
Monday's option trading had significant net open interest increase across the July puts as compared to the July calls
I saw the sand berg interview replay on 60 minute Sunday. She is in over her head at Facebook Caught a break going to google but she was basically a passenger on a rocket ride. Now she needs to command a lesser product and she adds no marginal benefit. She got the job because she is a woman and was thought to be competent. There were more capable women to be pursued.
Anyway, she'll bank her money, go on to something she can buy with that money and fb will lose value and any market advantage it currently has................and longs will be left holding the bag.
This is trending to has been
No sympathy for longs many of whom weren't around in the late 90's Internet bubble. No one forced anyone to buy on the iPo - most were in for the greed of the flip!
this was down consistent with the market today. eight dollars is really not significant but what will be significant is if it continues for days. That hasn't been seen as the computer and buy back money props it up. I think there are better way to get short than through CMG.
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
The college kids were around on Memorial Day weekend. I asked them(about 20) and face book is old news with a few "aging rapidly" votes.
Share price is treacherous
Cmg couldn't get knocked down today. Too many technical aspects to cmg trading that is greater than my understanding. Best for me to avoid trouble for now.
This is why the dynamics of the casino game has changed so much over the past few years. This derivative demand ignores all company specific details.
I would bail if I was long. There are better things to be in than hoping that senior citizens buy a Facebook Home phone at the 99 cent store!!
I saw that too. Forget about what side you are on in the cmg valuation debate the manipulative trading is criminal and cmg should have an asterisk highlighting to the unsuspecting individual investor that it is highly impacted by computerized trading and hedge funds . Each day there should be a warning to investors not about the valuation but the entities that control this share price. Each day lets pick a number and have the computer take us there.
No confidence in the NYSE
Likely to be a non event although the wsj, Barron's, Forbes and Bloomberg each are reporting the gundlach call. At a minimum it will may give new money pause but cmg gets manipulated up on 100 share wash trades
Eat4fun, I got most of your post but you might proofread before you hit the send button. I looked at the Pancheros web site and I agree it is a copycat. You are correct as Pancheros stores just saturate the market with a chipotle look alike. 55 stores is not a lot so far. The website has the same feel as chipotle. i see one in my area and will check it out.
This board is dead and CMG only trades from computer to computer.
We've mangled our equity markets through computerization and insider trading like SAC Capital
Corruption right in the governments face but they are in on it. Wait till Obama is out of office and collecting hefty speaking fees from these same entities
First quarter - sell one organic hoodie
Second quarter - sell two organic hoodies (All three purchased with organic hoodie buyback funds approved
by the CMG board)
Then the citi group analyst will write the following "we are astounded by the 100% growth rate in the organic
Hoodie revenue stream and envision organic hoodie growth rate for next quarter to be 50% or 100% reiterate buy with $450 price target
Abercrombie and Fitch just announced they would be selling burritos
Just watched the teaser for Yum's Super Bowl ad. Cmg can hand them their 2 year old trophy right now. Also can hand them some of their same store sales! Move over little dog the big dog is movin in! This remains one of the most significantly manipulated (from both a market and hype standpoint) companies out there.