Marketsurfer says short shake shack

did he cover at $50?

probably got greedy and held it

 

Yes because that is what will make this trade more worthy of an entire thread....

 

I think he's 25 bid. He must know something we all don't know about the contents of their burgers...

 

You think that this is long and winded? Go read The Surf Report Volume 1. I'm surprised he didn't crash Baron's server.

 

Earnings higher last night -- but stock lower today.

Shake Shack Profit Tops Estimates as New Stores Help Boost Sales
By Leslie Patton
(Bloomberg) -- Shake Shack Inc., a New York-based burger chain, posted second-quarter profit that topped analysts’ estimates after new locations helped sales.

 

Up 9.00% $77.00 in the after hours.SHAK hit the cover off the ball again! Adios Surf.

 

It still looks like they will try and run the shorts out of town and print an ATH before this sucker drops. This is going to be a great short opp when the high is confirmed.

 

Shake Shack WAS a great short opportunity around 90.
But before being a great short opp again (When? 1 week, 5 years? nobody knows), on a ST basis, Shake is a good long ! Probably back to 95 dollars before the end of the quarter.

CM

 

$SHAK dropped into the $60’s ahead earning’s yester night. SHAK is a sell on any pop

 

We nailed the short term low call as being right below $50.00 per share. We remain committed to $25.00 on the shares after the next test of the current sub $50 lows. surf