Chipotle's Q1 Number: A Significance Miss

I don't think that their customer base can really withstand the higher price levels over and over again. These are record revenues for a company, it's nice to see international increasing but North America is still bread and butter. We talked about it last night where maybe valuation started to be a concern and technically where do you want to get back into stock? And we decided at least we talked about 92 being the level. That was the high, I think August of last year we sold off from there. So past resistance should become support. And I don't think 92 is unreasonable given this quarter.