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P.F. Chang's China Bistro, Inc. Message Board

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  • bearofbleecker bearofbleecker Mar 23, 2004 6:07 PM Flag

    Thanks, new short at 49

    I, too, couldn't resist shorting this again when it hit 49. However, I think the runup is simply due to funds throwing money at the casual dining segment and other consumer cyclicals because they don't know where else to put it right now. OSI was up 3% today on +29% volume, and EAT and DRI had nice jumps on heavy volume, too. PFCB, in spite of the restatement issue, outpopped them all: up 4% on +55% volume. If these guys keep dumping money into the category, prepare to cover and lie low for awhile.