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CMG Chipotle Mexican Grill, Inc. +2.4%
Initiated 10/17/11 $318.47 - Target 3/30/12 $326.00
Closed $318.49 10/17/11 1:53 PM
Today $392.13
Made 0.0% Consider this Stock
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David Sachdev
Washington, DC
User since Dec 2009
Covers MCP SINA GLUU SODA BAC AAPL TIBX and 3 other stocks - Go to Blog
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Hey Burrito, meet Bulgogi

(Wrote the initial coverage wrong - but sometimes if a mistaken trade is working for you, you have to just let it run for a while

Let's take this ride again!  This time we are right before CMG earnings, and before a conference call where y0u can expect some chatter on their new Asian themed restaurant.

My thought is that this is the last day to get in before people start focusing on earnings.

Rehashing my justification from my prior coverage

This may surprise you, but there are many cities that don't have asian food.  And then there are cities that have the lone Chineese takeout place that is run by the lone asian family in the city. 

Well, if Chipotle's latest experiement works then that will soon change.  I'm sure that their new restaurant will spread like wildfire in places - especially out of the big cities.

Check out the details on the link from DCist.  They may know food, but apparently they don't know much about web security...if you can call protecting your web directory from world access security:

http://dcist.com/2011/09/yes_asian-inspired_dishes_can_have.php

Conservative timeframe for sure here...even though CMG looks like it has good support just over 300, so I think that the downside is limited.

 
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CMG $392.13 -2.37 (-0.6%)
 
 
CMG: Hedging Against the Crowd
Opened 346.50 1/4/12
Target 311.00 by 2/28/12
Today 392.13
Larry Leviton from Chicago

CMG: Ice Cream Dream
Opened 303.45 11/23/11
Target 340.00 by 12/31/11
Today 392.13
Larry Leviton from Chicago

CMG: Asian Explosion!
Opened 331.47 11/11/11
Target 338.00 by 3/30/12
Today 392.13
David Sachdev from Washington, DC

CMG: Options Industry Council
Opened 341.02 10/27/11
Target 300.00 by 12/16/11
Today 392.13
Larry Leviton from Chicago

 
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