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Goldman's Muppet Slaying Resumes, Removes Momo Darling Chipotle From "Conviction Buy" List
Following the release of ugly earnings, Chipotle has finally been reacquainted with reality (down 18%), and the stock that has long been a darling of momo "investors" everywhere, because in a reflexive broken market, a stock is worth not a penny less than what the previous biggest fool is willing to pay for it, is getting decimated. Naturally, adding insult to muppet monkeyhammering, here is Goldman Sachs who decide to, after the fact, drop CMG from its conviction buy list.
CMG is down 20% from yesterday's close...
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Nominated for best title.....EVER!!!
Next in the sector to be muppet slayed: BWLD. Get your shorts on.
Tyler, CMG certainly qualifies for another "roach motel" roster of major holders.
In the Top Ten: State Street; BlackRock; and of course, "Retail's" Wrong Way Corrigan of momentum stocks, Fidelity.
This was certainly one that you knew was coming. The problem, as always, is timing. Just think how many little kids didn't get that Gi Joe with the Kung Fu grip because daddy was shorting this stock too early. Instead they got a hand-me-down Barbie doll from their big sister Briana.
You just had to look around to see what was going on with Chipotle. I use southern Manhattan as an example. I believe their first location was the Maiden Lane locaiton. ON a Friday it would be packed at 6 p.m. Two years later the line was shorter than the average American attention span. Locations started popping up all over the place. I think they have multiple spots on Broadway. I believe they had another one on the east side. And quality started going down.
The writing was on the wall. How could a burrito joint have a market cap of $15 billion? That's as insane as a yoga store being valued at $10 billion. All of the darlings go, sooner or later. I'm looking at you, Netflix and Green Mountain. It's just a matter of how many testicles you still have dangling when they finally meet their true "value". Now I better go get my Crox on so I can do some shopping on Pets.com.
Wheres that idiot ROBOTRADER who just yesterday was posting the virtues of CMG, now down 24%!
edit
Much better.
Just wait 'till AlgoMart...errr, I mean Walmart, gets the red hot anal iron momo beatdown.
About time. Crashing in pre market.
Took a while to get the prop desk positioned.
Has anybody seen Robo? I hope he's not doing his David Carradine impersonation.
With the spike in corn prices, CMG margins just went negative.
I'm just waiting for the ChiChi's moment where a few people die after eating tainted food. Some people probably already have. My old girlfriend got violently ill after eating a burrito bowl. I haven't eaten at Chipotle for years. Nearly every one by me is staffed by mexicans that look like they just jumped the border.
Do you really want a burrito made by a guy that just took a shit and wiped it with his hand, and of course didn't wash?
Does it come with free fried ice cream?
Throw in some t-shirts for the kids, and a Corona Light, and I'm there.
Jim Cramer is not worried about Dirty Mexicans making him ill or dead.
Just a few days ago he said CMG was a huge buy, because the Chipolte in Short Hills NJ near his home was packed with lines out the door.
He says that the dozens of minimum wage jobs were spurring the economy into a huge recovery.
BOOOOYAHHHHHH!
Only in NJ, I guess, do people not tire of being fed over-prices pink slime in their fast food.
Short Hills, NJ - There has never been a more wretched hive of scum and villainy.
I used to work in the area 20 years ago and had lunch there all the time. But, seriously, with 50million people of food stamps it was kind of of obvious that this pig of a stock was waiting to implode.
yeah right, because Short Hills, (not to be confused with Short Bus) as a residential meca for Wall Street trash, is a great national indicator for a retail operation.
Fuck you Cramer, you ball sack with a neck.
I think most of the CNBC twats live in Short Hills. No-fucking-thank you.
I love taint food- and the "meat" @ Chip is not fit to feed a manged mutt
Wow! A true 'taint liker'!
I love Chipotle. The food is excellent and it is all non hormone meats, dairy and cheeses. They buy local and they are a quality company. It is not junk food. I eat at one often.
Only the pork is hormone free. The dairy and cheese is only hormone free in some locations. Chipotle can't guarantee all of its suppliers give them hormone free products. You need to read the small print, it says they use organic products where available.
They buy local if you count a certain vicinity to the corporate headquarters. Chipolte is junk food just as much as any fast food restaurant. They have been able to brainwash people into believing they are somehow different. Jim Cramer having orgasms talking about the company didn't help.
Oh yeah, the brown beans are not vegetarian. They have pork drippings in them. I loved seeing vegetarians ordering a bean and rice bowl, then cluing them into that fact. They ask the people behind the counter, and they say, "Yeah the brown beans aren't vegetarian, black ones are."
something about the way they slop the refried beans on with that big flat spoon reminds me of the chow line in jail.
Martha is that u?
nothing gets the green around here like the racism card. pathetic.
How many deliberately false "Conviction Buys" does it take,
before they have bought themselves a conviction?
Goldman Conviction Buy List now called, Oops Never Mind List.
I'm waiting for the Goldman Conviction List...in the legal news section.
Another big Cramer buy buy buy bites the dust
Wait until CRM crashes!
you fucked up, you trusted us [/otter]
Wow, a day fucking late on that one, weren't they! Funny - 'downgraded to Neutral'. We feel that a 20% drop pre-market may hinder prospects for capital appreciation in the short term, but still think the company has a future longer-term, at least until Americans run out of money to buy food with'.
That idiotic fake trader Robo is gonna have to find a new stock to pump.
Just close your eyes and point.
GOT ONE!!!!!
He will push the Cheeburger Cheeburgeer IPO, 5 pound burgers is Robos favorite.
Cheeburger is going public? Really?
Add another one to the stock scam list.
naa i made that shit up
Yeah, he must have sold it before it went down.
lol
knowing RT, he loaded his shorts
Cue the 'tarder: " Oh yeah I loaded up on Kayak just before the IPO and made a bazillion". (In my imaginary pretend Investopedia account)
I just saw the awesomeness on the ticker. Chipotle just hit a Fuckerberg, the captain doesn't think there is any damage.
Still the stock is at least 70% overvalued, so it has a lot further to fall.
Turn on taco algo machines STAT!!!
Goldmn Sachs the Muppet Slayer
That means Goldman is not buying as much CMG as possible.
Goldman insiders propbably sold their CMG in the last month when one of their "birdies" told them sales were slowing down.
Short Term Technical Analysis at least chipotle tastes good ..
The Squid has had it's fill of cheap burritoes ?
Buy YUM(1 dollar burritoes) and sell CMG(9 dollar burrtitoes).
Both have the same grisly ingredients, don't kid yourself.
Except CMG does have less morbidly obese Azteccy looking girls at the counter.
I was at a chipotle a few weeks ago and was shocked to see so many obese and soon to be morbidly obese patrons. I am not a thin man but I felt like I would have no problem winning a spontaneous 40 yard dash in that crowd. Why do parents take their teenage daughters to a place like this anyway? $9 for flavored rice wrapped in a steamed (not fresh) tortilla - a very disappointing meal!
Everybody finds what they are looking for. Last time I was in a Chipotle I couldnt help but notice all the fine looking teen pussy.
I know I'm a pervert. But the question for you is why are you staring at the fat people?
Ah, that explains a few things.
Last time I was in one of those places, long past closing time, I followed a flickering nacreous light into the dank basement where I glimpsed several dozen fish-men chanting:
At the time I thought nothing of it....
As much as I love seeing the drop, just like Nike CMG will probably make up 75% of the decline next week.
Today the stock is trading on fundamentals. Next week the stock will be traded by the bots again, used as a abg holder for transfering funds.
Sure hope Momotarder got out b4 the carnage?
Get out? What are you talking about? THE STOCK IS ON SALE!!! Robo&Cramer say BUYBUYBUY!!!!
lol - when it gets to 275, Goldman will downgrade from neutral to SELL...
What a treacherous market. And you want to put your hard earned dollars into the American markets to "invest". Hate to say it, but confetti looks good, at the moment. And of course physical. That never needs comment.
I guarantee the most worthless company on the planet, otherwise called a Squid sold its entire position in CMG yesterday. I have no proof, I do not have any facts, but I just know it to be true. Scum of the earth. And none of them have been indicted for what they wrought on this planet. Move on Comrades, move on.
This stock was just another P.O.S. that RobotTrader pumped ad nauseum.
That restaurant sucks anyway. Tried it twice and sucked both times. It's like eating shitty food inside a storage container.
But those who have been watching stocks a long time should already know research departments always downgrade after the fact. Always have, always will.
Cramer has pumped this stock relentlessly for 2 years. What a fucktard this clown is.
Chipotle is still up 200% over the last two years while the S&P 500 is only up 25%. Looks to me like Cramer got this one right.
Even a blind squirrel finds a nut once in a while.
How many times he falls outta the tree before he does, is the real question.
Babyloon15, I'm giving you a +100 just for having the guts to point out the reality the hate-festers are denying. Maybe it will help you psychologically as the hater-festers relentlessly take their anger out on you with one down arrow after another.
I've noticed - speaking of ramping up at the end of the week - that the hate and anger goes up significantly beginning Friday, and peaks on Sunday night.
The answer is simple: There are a lot of mentally frustrated ZHers. May I suggest Testosterone Replacement Therapy, along with a daily 5 mg dose of Cialis to restore yourself to what you were when you were in your teens. I'm sixty years old and I get love at least twice a day weekdays, and at least four times a day on weekends - this stuff works.
Maybe that outlet will take you away from your computer screen long enough that you'll have time to realize that the truth is you've got a pretty good life (speaking of the ZH population in general; your specific situation may vary).
So line up some physical attraction now before you sound so angry and depressing that the only way you can get love is to buy it.
But I guess it could be argued that we always have to buy it - wifey wants this, wifey wants that, and if wifey don't get what wifey wants, nether do you . . .
-30-
Wow, you come off badly. Let me break your stereotyping. Im 29, in good shape, mostly happy, get laid, oh.... And I owned 370 and 330 cmg puts until 15 mins ago that i bought wednesday. A lot of them. Im leaving the office in an hour to up to my buddy's cabin and go chase around some tail on the sandbar. Oh btw goldman sachs are a bunch of cocksuckers and ZHers are right to be pissed about market manipulation. So piss off if you dont like zh, I love this shit ;).
Bzzzt... wrong. I have to down arrow anyone who would give props to a douche like Cramer. I am angry, but about the lack of firings and prosecutions after the tax payer bailout. Seeing regular people get screwed over by these vermin is very maddening. And I also do not fall into the demographics that take Cialis. (btw wouldn't that be sexually frustrated if you're recommending TRT)
Don't forget these Cramer gems:
http://www.thedailyshow.com/watch/mon-march-9-2009/in-cramer-we-trust
http://www.youtube.com/watch?v=SWksEJQEYVU
I bought his book 'Mad Money' new, 3 or 4 years ago. The ONLY good advice was "NEVER own AIRLINE stocks". The rest? Filler.
Maybe the fact that these banksters can't even make money in the markets that they control is a sign that they've pushed their heads so far into the trough they're starting to gag.
Motherfuckers hatin' on Chipotle's food must eat goood....
The food there is so bad that the lame line up 20 deep for it. This is further evidence that the price of Mexican food is inversely proportional to the quality.
Blah tasting, overpriced burritos. Bound to happen
Removing a position from your portfolio after it has plunged 20% and claiming you dodged the bullet is like claiming you "retired retroactively" from the company you still worked for while it was doing unpleasant things.
Gold fell almost 20% high to low in one year. It might yet fall lower. But never mind, gold is an exception to everything in the known universe.
It's a good thing Goldman knows exactly when to get its shorts on. You can't have losers without a winner.
RoboTard won't be happy.
Looks like $95. a share profit is not good enough for them.
They want forced Selling into their profit. They also want to make sure the price does not go up on their Short until they cover.
Looks like Goldman is either trying to crash all of their Hedge Funds or again trading against their Customers. Maybe both.
Then they pick up the shares the Hedge Funds are forced to Sell and pump the stock back up.
They made a profit and increased sales. But I guess it is that Wall Street estimate that will get them all the time.
Guess I'm lucky to live far enough from population centers to not have a Chipotle anywhere within 75 miles - never been in one, pretty sure I will never have to be in one.
But it is really good news - we will be able to rag on RoboT big time for awhile. It does feel like a little reality is creeping into the market today, but it's only noon in New Yawk.
changing the narriative?
http://expose2.wordpress.com/2011/11/20/a-voice-from-the-dark/
What's the big deal about their overpriced burrito's? People decided to stop at grande burrito for 1/2 the price.
I was in one once and wasn't impressed. Reminds me of a burrito joint that tried to act like Starbucks.
McDonalds offers any size coffee for 99 cents, now that couldn't have anything to do with Starbucks fall from fad would it?
Just have a care on the tall coffee from Mcdees. That stuff will burn you if you slip.
We had many a meal in Chi chi's long ago.
Don't forget Cramer taunted Dean Foods DF as a buy.