E*TRADE allowed shorting KREM maybe the second week after the IPO. I tried shorting back then but my order didn't trigger. The following day they didn't have shares. Anyhow, for the past few days, they have allowed my orders, they seem to have plenty of shares for shorts now.
I also tried shorting PALM a few days after the IPO (E*TRADE had shares probably within one week after the IPO), but I missed it. I was surprised to see how hard and how fast that thing came down.
In retrospect, I wish E*TRADE hadn't allowed shorting KREM until this week. Needless to say, I am in the red with my short position in KREM. But I am not worried at all, this P/E just cannot be sustained (more than doubling the IPO price in less than a month, for this kind of business, yeah, right). For many it probably will be hard to believe the following, but I am very confident that within a year, at some point KREM will go below its IPO price. Mark my words, post # 416. Again, as I have said before, when this happens, don't blame KK, it won't be their fault, but the longs fault for taking KREM so high. If KREM had already been trading for 10 years, It would probably be below $20 right now.
I love KK. I went early today and got half a dozen of KK glaced for breakfast, they are great!
Freak hollywood fagget stars really took the investors with the Planet Hollywood scam. The place sucked just like Krispy Kreme Hole. What the fuck is going on. Are people that fucked up to wait in line for hours for a stupid fucking deep fried piece of fucking lard ass dough. They should be taking their kids to school or spending some quality time with them, getting some excersize, or doing something creative. Probably a bunch of loser money counting yuppies fucked up on bitter starbuck coffee. They say todays kids are worthless. Look at the stupid jackass parents. Just a thought from saggy granny and her gina.
Where are the players getting the value numbers to justify the current value? Donut Dreams? In Viet Nam the Donut Dollies sold more than donuts... the sold the holes. Maybe that what some of you are buying now. If corp store are making 300k without fees the will need to build or franchise 500 new stores to justify the current price. Currently yhe average 10 stores per year. MMMMM those donut holes.