What's up, everybody?
This week, the alarms in the room started going off for a stock that has been on our radar for a while: Chipotle CMG 0.00%↑ . After their 50-for-1 stock split brought the price down from the stratosphere, the stock has been getting hammered. While the technicals might scream "sell" to the crowd, for us, it screams opportunity. We are seeing a classic case of fear in a fundamentally rock-solid company that is now arriving at a major technical inflection point.
This isn't just a company; it's a cash-flow positive machine that, like McDonald's, just keeps performing. Adding fuel to the fire, as the stock tested these critical lows, the company announced a massive share buyback. That's the ultimate sign of confidence, and it's happening right in our zone.
This is our chance to buy when others are fearful. Here's the detailed game plan.
