22Apr9:37 amEST
A Big Test for This Burrito
A good test this morning to see whether the CMG negative earnings reaction is an exaggerated one is to see if it can respond to the gap-fill from April 9th, at around $654.40.
CMG is gapping below the gap now. And I am looking to see if buyers are responsive for at least a quick scalp.
If the selling intensifies under $650, then it is likely just the beginning of large money liquidating the stock.