j-dub

Chipotle Mexican Grill: What Happens When Momentum Stocks Crack

Excellent article Greg and, as a sidenote, excellent call on the financials-your rational and succinct blogs on UYG ultimately led me to take a position which led to a high five figure gain in the UYG and BAC in the last wo weeks. Your call cut through the ton of emotion that most investors would have in a time of high volatility and I thank you.

As far as a position in CMG goes, everything you mention is logical, so the question remains as to where the entry point is. If you want to become a long term (over 18 months) investor in this company, I would vonsider a technical approach which would include a 40% total position at these prices, another 40% around 58, if it gets there, while saving the last 20% if if falls below 55.
If you are looking for a short term bounce at a relatively safe downside risk, I would consider puting 50% in around 58 with an additional 50% below 55.
KEEP UP THE GREAT ARTICLES