CMG has been under constant attack--Cowen, Goldman, Twitter, etc. Yet stock continues to hold $300. What does that say? Bears better pray for #$%$ earnings.
I love the late to the game "momentum" shorters on this thread crying cause they shorted at $300 and it isn't breaking. Trying to act like they're "smart" and "analytical" shorting a stock down 50%. Why would anyone who was actually smart and shorted this above $400 be holding their short here. 10% downside best case vs an easy 50% squeeze. The only thing holding this stock back are the technicals which get better each day.
All I know is that every time I go to CMG the lines are out the door.
Hold on to your CMG...this is the next McDonalds. So for long term investors this is a great company to own. It's healthy, non-GMO, fresh and tasty.
Queso turns out not to be the savior for this mediocre fast food chain trading at a tech stock multiple.
Let's see 250s I want some cheap shares!
My first burrito at CMG was in Chandler AZ back when they were a private company. It was Awesome! lots of quality meat, red beans white rice pepper and onions and some healthy scoops of Salsa and picante. With a meal like that who needs chips and queso? CMG should go back to the basics. Dump the chips,queso and bring out a simple breakfast and turn this thing around. KEEP IT SIMPLE STUPID
CMG is done, should not be trading more than 15 PE, which is 107 at max.
Don't worry the cheese is the same as any local gas station but costs 10 times as much because they slap "local made" on it.
House of the Diseased Burrito going to 200 /sh. within two years.
Mediocre food that occasionally makes you sick, America doesn't cotton to that.
Time to consider share repurchase on the cheap
And now the EEOC is suing CMG on behalf of a male employee who's boss grabbed his chorizo and locked him in the freezer. NO MEANS NO!
I'm shorting more if it wheezes up to 313
is there a new class action? suing because of the sh*tty queso? LoL
CMG has broken the double bottom support created only a few weeks ago. Now what? In simple terms, investors don't want to defend a price so it is abandoned and a new lower price support is developed.
I am sooooo glad to be out of this POS.
Don't get trapped..it's going to 150. Hedges playing.
This stock will soon hit 250s. Do not buy yet.
A lot of mutual funds still hold CMG, but I believe they may have to bail out when the earnings for this quarter come out. I don't see CMG as a buy for the 2 quarters. I think it is a dead fish for a long long time.
Keep on tanking. I want in cheap.
MACD is rolling over. Support was at $297.21. New lows ahead...