Put this one on the "short list". Safe to short on any upward moves now. Especially north of $60. Look at the 2 year chart. Solid run company, no debt, decent divy..... but I think the run of late was a short squeeze after earnings as everyone was short restaurant stocks like this one. And squeeze it did. But its time to come back down.
Not playing this one personally at the moment, but if you want a good short... $58.16 should work for ya.
I wish I ran a hedge fund, because I'd park about 100,00 shares short right now. With 200,000 more waiting for $60. Oh well. No position.
Flattened out for overnight on all positions (IWM, HD, RCL)... But I will short this bitch (CAKE) tomorrow, with the "long term" pot of money. So run it up guys. Despite what they say...I can stay rational longer than you can't. Gap the bitch up tomorrow. See what happens. Zndy out.
$59.37 is a safe 1st leg in short. It has... possibly... $61 in it yet. But maybe not. Leg in slowly. Either way.... Next Q ER will put this thing at $49 or lower. Trade accordingly.
All time high. Ordinarily its a bad idea to short at an all time high. Let it go to $61. I'm happy at $59.37. Next Q is gonna be a bitch for this one.
Smart money will check out ............ALL......... of the SEC filings. Buy another restaurant chain...............yeah right. All of ten stores. It goes beyond insider sales. Good money chasing bad. If this thing hits north of $61.50....... You can retire via the puts. The restaurants are empty. I'm happy where I'm at at $59 plus. Check out a restaurant near you. EMPTY. Its a Peter Lynch thing.