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Mexican Food Part II

February 16th, 2011 · No Comments

Closing any  short position on Chipotle (CMG) with a good deal of profits..
We wrote this, yesterday morning before the markets opened. The stock went south for the day, and it’s time to take profits if you were short because we’re don’t think this is a longer-term short (not yet anyway). It was just a trade…

We did advice selling Feb $290 calls, we somehow can’t imagine the stock will reach $290 by Friday though…

For the bull-case, read the Janney on CMG Feb11 in Pdf

For other reports in Pdf, see here.

Tags: Technical Trading Ideas