CMG , Mexican Grill update

The usual then and now;

cmg s 2012cmg sept 2012

We had not looked at it for a while but it did as predicted falling close to the target of $275. From there it has rebounded and could still go higher, perhaps even closing the gap. After that it is adiós , possible to about $125. What is unclear at this junction is whether or not this is the end of wave 1 or just wave 4 of one. The shape of the descent will differ but the target will not.