$CMG It finally paid to be short the most expensive food stock.

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The best traders stick to their guns. They trade with conviction and they believe strongly in their ideas. So did I when I shorted $CMG at various levels. But after holding out for 6 month and taking some loses all the way up to 440 I covered around 400 with small loss. Congrats today to the traders who believed. I’m sorry I did not make it to payday but Im still happy my idea was right.

http://ibankcoin.com/vegastrader/2011/12/07/chipotle-cmg-on-my-radar-screen-for-a-short-so-i-made-a-field-trip-tonight/

 

2 Responses to “$CMG It finally paid to be short the most expensive food stock.”

  1. i was wondering who got that one right,especially today. wow. more to come,in all the others,and it wont be from bad #’s.

  2. The Equalizer

    Now I gotta make up my mind – did $CMG miss because $JACK’s Qdoba is eating their lunch? Or is the whole sector going to miss for reasons cited in the $CMG report.

    Disclosure: Long $JACK, although not necessarily into earnings.

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