Friday, October 22, 2010

CMG


I try to keep a very open mind about what levels a stocks can trade to.
I'm sure CMG makes very tasty tacos and burritos. MMmmm tacos and burritos.
I'm not so sure that it deserves to trade at $200 or have a $6 billion market cap. Well there is no denying it is up there so I am happy to trade with the momentum but its time to take profits and look short soon.
1st chart is CMG entry







sell CMG. burp.