Tuesday, February 12, 2008

Chipotle Mexican Grill- CMG--SHORT

CMG could be a trap door below the $101.50 level with a quick run to $90 . That is the level I am watching. This is a tricky one because the earnings report is after the close on Thursday. I won't be short through the report but I may trade around the date.

TBSI- that I posted last night gapped up a bit so I didn't trade it, and CREE never followed through, so there was no trade there either
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4 comments:

  1. BubsFebruary 12, 2008 at 10:53 PM

    Was watching TBSI today to but also didn't trade it because of the gap up.

    ReplyDelete
  2. AnonymousFebruary 13, 2008 at 6:26 AM

    hey bubs

    yeah, never chase those gaps-maybe it will give us another shot-good luck today

    upside

    ReplyDelete
  3. StewieFebruary 13, 2008 at 7:56 PM

    hey upside,
    I see a falling wedge on CMG on the weekly charts. I think this stock is going higher. But with earnings around the corner it's a crap shoot, but earnings aside and looking at the chart, this stock wants to go higher.

    ReplyDelete
  4. AnonymousFebruary 13, 2008 at 8:04 PM

    stew
    i tend to agree, my level was 101 ish anyway-dismal eps could get it there but i hear ya-looking at charts now,i'm like a kid in a candy store-talk later

    upside

    ReplyDelete

what are your thoughts?