Agreed. I'm new to the board but when I first clicked on it, all I saw was yellow here page after page bash this company and nobody else posted so I assumed it was a dead forum with a schizo talking to himself.
It's funny, he would say if the stock gaps up, that's a bearish signal, if the stock gaps down, that is also bearish. So with that logic, EVERY STOCK IS BEARISH. Since I know he's been short since like 260, and this stock will most likely hit 290, he will suggest that we are fools and that we should celebrate our temporary short term gains as if he was the only one who ever flipped or swing traded or knew how to short.
It's equivalent to being a sports analyst and hating a team that always wins. "If they win the championship this year, they are bound to lose at some point so you better start rooting for another team because there's only going to be a world of pain. You better pray they don't win next year or they might sell the franchise"
Most people posting negatively here were simply late for the crash and hope that the slide continues on Monday. It's not everyday that a stock has a certain direction. The reality here is that this stock has been dropping slowly like 2 days ahead of time even when the overall market was going up. Some people were already in the know and prepared for this "flash" crash.
People posting negatively here probably started shorting at the tail-end of the crash on Friday and are probably dizzy with excitement as they got 10 or 20 points of profit fairly quickly during the time frame. At most, you people had about 2 hours tops to short and not everyone happens to be actively looking at the stock. By the time you read about it, the crash had already started. Granted there were a small few that can brag that they shorted above 610 but the rest are just flat out lying.
This news won't kill the company and force them to close. Stuff like this happens on cruises a lot with the novo virus and what not but people still go on cruises. A similar thing shut down Blue Bell Ice Cream temporarily but they only had one factory and they are back up and running.
The reality here is that it's not about Chipotle or there food prepping, it's simply from their suppliers. How do we even know that it was all Chipotle? People who eat there follow the same demographic generally. They could have all bought stuff from Wal-mart or Starbucks that same period. It only proves that a lot of people eat at Chipotle. Don't tell me that eating at a mom and pop mexican hole in the wall is much safer. Their suppliers are the budget versions of what Chipotle gets. So in the end, eating outside always gives you the same risk for Ecoli, doesn't matter what chain.
It's also a known fact that the smart money buys when the streets are red.
I never eat there anyways. You probably never do either, outbreak or not. That's just your personal preference. So basically they didn't lose any customers. They never had your business or mine to begin with. That doesn't mean their stock is worthless.
You think where they get their meat is exclusive to just CMG? Nope. Also, convince me where the slowing sales are. Their last quarterly earnings didn't show it. Longer storage times is also every restaurants issue.