Market Watch
Chipotle Serves Up a Tasty Meal for Shorts |
By Chris Johnson Dear Reader, There’s a phrase that traders use from time to time that applies well to this market – “rip your face off.” We use it to refer to the volatility the market has seen over the past two days thanks to the decisive (tongue firmly planted in cheek) action from the Fed. |
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| Chipotle Serves Up a Tasty Meal for Shorts |
| Tuesday, 08 July 2008 | ||||||||
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And Chipotle hasn’t been able to pass on those cost increases to customers due to the slowing economy. ![]() The great thing about names like CMG is that it’s possible to make money both ways. When the IPO came out, Cash knew Chipotle was going to be huge (based on exclusive info from his Wall Street contacts). So he went long and made a lot of money for his clients on CMG.
Then later on, when the stock got ahead of itself and costs began to rise, he made another big chunk of change with a shorting call. It was a great long on the way up, and a great short on the way back to earth. You can make these kinds of trades, too -- long and short -- by participating in Taipan’s newest trading service, IPO Confidential. Take a look. Warm Regards, JL
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