LoLBeach
Short

short SHAK

NYSE:SHAK   SHAKE SHACK INC
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1
30 3
highly overvalued and with no proper income... globally exposed as well in major cities across globe.
price is hitting the previous Weekly resistance with a stock price on 2H in great position for short.

Interesting Update.

Shak was one of my favorite Longs.
Had the fortunate luck to buy at 33 and sell at 60,
before the rollover.

I still like the stock around 40
VERY WELL MANAGED company.

THE_UNWIND
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LoLBeach The_Unwind
@The_Unwind, i am sure the products are just amazing. never had the pleasure to taste. still the financial data is merky at best... and my calculations about their exposures and incomes show that this stock is one of the worse bubbles out there... forget ULTA ... SHAK is the king of the hill in terms of hype. and eventually is what... a burger ? (sorry if i am hurting your feelings)... still, in a crisis people may want to survive only... leaving aside a fast food chain without enough recognition and spread ... but with amazing products (i assume this part... are their burger amazing enough ? :) )
Reply
LoLBeach The_Unwind
@The_Unwind, well... 40 is a price... like 50 :) i see things in fluid form... prices are not relevant unless in a context. Once USOIL and NDAQ are running cold... 40 for SHAK might be like 240 for NVDA.
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