Sorry I stopped looking when he shorted it from $70 to $91. Making back losses on the next trade is as sexy and exciting as you constantly tickling his teabag over anonymous trades posted in a forum. Make sure you wash your hands after each knuckle glazing so you do not mess up your keyboard typing with one hand how great this trade is.
A few of us don't fit that category. We like the premise of your trade but question the execution. Again, more focus on the lock down date seemed needed, I'm not sure why you covered at $91, unless the trade was too rich for your risk parameters. Even shorting at $64 seems like a long term winner to me if you can hold. Stock might go down to $0-$5 long term. I'll give you full credit for shorting it with better timing the second attempt. The bonus is if overall US markets correct, you can win just on that aspect alone. That makes for a very good risk/reward on this.
The Price Drivers have dropped to 1 (the deepest possible bearish reading)--- this dawg is finished! surf
Looks like others are now trying to catch up with the Drivers.. Why This Trader Says Shake Shack is 'Dead' 3:08 p.m. June 23, 2015 - Benzinga Short-Sellers Are Betting Against These Stocks 2:25 p.m. June 22, 2015 - Benzinga
Shake Shack just launched a Chick-fil-A killer — and it looks amazing The ChickenShack is a "crispy all-natural and antibiotic-free chicken breast with lettuce, pickles, and buttermilk herb mayo," http://www.businessinsider.com/shake-shack-launches-chickenshack-sandwich-2015-7 it does look amaaaazing! :eek:
To clarify, you were able to hold on to this because it was a small position or no position at all--and that's fine. Congratulations on the gains.