This chart is nuts,,,,,,,,,,
Submitted by Tim Knight from Slope of Hope on 07/20/2012 12:28 -0400
Long-time Slopers know that I have had a special place in my black heart for Chipotle Mexican Grill. How do I hate thee? Let me count the ways:
+ The stock went up over 1,000% from late 2008 to early 2012 based on Mexican food which, in my opinion, is HALF as good as TWICE as expensive as anything I could get at any random Mexican joint in town
+ The completely bizarre, WTF behavior highlighted with the red line in the chart below showing the stock following a "something fishy is going on here" path for months on end;
+ The self-congratulatory signs in the store declaring that some - yes, some - of their ingredients were organic. That's like Hawaiian Punch's boast that they were made with 10% real fruit juice back when I was a kid. What's the other 90%? Urine?
In any event, the stock is getting its salsa ripped out this morning, down nearly $100 this morning. Hearty congratulations to buyers of put options on this former momentum favorite. Justice has finally been served on a platter.
http://www.zerohedge.com/contributed/2012-07-20/finalmente-cmg-gets-its-beans-refried?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
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