If so, what's YELP really worth going it alone??? Sammy
I told her I wasn't going to buy it , but she said we could have made 65% if we bought yesterday at $20. With 20-20 hindsight, I should have listened to her this time. Oh welll.....
As they say, three strikes and your out! Not sure how the shorts got such an upper hand given their ain't no options and the float is ridiculously low at 5.7 million shares. Thoughts as to what caused this severe downturn after a beauty run-up to almost 100 dollars??? Sammy
Can't wait to see the sales for Q2. Go Shack Go right to the moon!!! Sammy
The only question I have at this juncture is what would each restaurant be worth at $100 and $120?
gas prices are up another dime since he last filled up three days ago. The gas station owner told him demand is brisk for the Memorial Day holiday and leading into the summer season. He told my Uncle don't be surprised to see gas rise my another $0.50 to $0.75 this summer. Well looks like strong demand for gas is gonna pull WTI higher in the coming months. Long oil and loving higher prices at the pumps!
Anybody else seeing their local gas prices rising this week into the holiday? Sammy
she seems set to strike at $100 before the summer even begins. Could Shack eventually run to $500 to $600 in the next couple years? Seems like a far distance but heck at this rate we will be in the triple digits before you no it. Thoughts gents.....Sammy
The pent up demand for gasoline is driving crude prices higher. I just spoke to my brother this morning who filled up on the way to work. He says prices are up like a dime since the last time he filled up a week ago. So with WTI hovering around $60 per barrel, they are likely to continue back up to $65 then $70. Just waiting for the first draw on oil when inventory is reported by the EIA. Then we could see that $65 to $70 oil I eluded to.....Sammy
Just got off the phone with my Uncle for the West Coast. Uncle Elmer says he got gas a couple days ago and it was about a quarter my expensive per gallon. He asked the owner what was going on and he told my Uncle we are going into the summer driving season and people are all filling up again. Well it looks like gas prices will continue to rise taking WTI higher with it. Long oil and loving it.....Sammy
Hey Paul ate their a couple years ago. And a few time each month I crave a SHAK cheeseburger, fries and chocolate shake. Yes I love my juicy red burger on my mesquite fired grill, but it's a lot different. Hard to put my finger on it but think these guys have the magic Midas formula....Sammy
Seems like the demand for gas keeps going up week after week after week along with its price. The increased demand for gas is pushing up the price of WTI to $58 and Brent to $66. Where are all those pundits and talking heads who just a couple of months ago said WTI was going down to $20 to $30 per barrel?
Just curious if anybody else isexperiencing higher prices at the pumps over the last 5 to 6 weeks?
Check with IB. In the past, they usually have inventory of hard to short stocks. In fact, when I checked yesterday on SHAK they had 90K shares available.
I can hardly believe my eyes. From $77.73 today all the way down to $68.65, over a $9 point swing. Seems like the selling is acccelerating this afternoon. Thoughts on today's price action
WOW! They hit it out of City Park Field. Could make a new high by the end of the week. Can you say TRIPLE DIGITS dudes!
cause I am so excited about the earnings release and hearing all about the future prospects for Shack. Less than 100 minutes to go guys....
Could this portend an imminent short squeeze tomorrow when they discuss future plans? I got to wonder how high she could blow? Sammy
Yes, the burgers are a little greasy, but hey its fast food, not prime beef mesquite BBQ'd burgers. Nevertheless, I have been craving one of those cheese burgers with fries and a chocolate shake. I guess as the summer moves in I might even go for a ice cold beer instead of the shake.
This all aside, earnings are being reported on Wednesday, May 13. Given the wild ride this week from $79.50 down to $61.50 and back up to $68.00, I can only surmise that this will move big post earnings. What I can't quiet figure out is which direction it will go. Yeah I understand Shack has a low float, no options and a relatively large short position, all which have contributed to the sharp rise as some of the shorts have been squeezed.
Furthermore, from what I read the large holders probably aren't gonna sell once the lock-up period expires in early July. So perhaps this isn't so much about past earnings as it is about what the future looks like. And I have to believe not much will change with respect to the short squeeze situation absent options or even a secondary further out.
Any thoughts on what may unfold leading up to earnings and then into this summer? That is, do we double from here or does the stock get chopped in half?
Look the market cap is over $45B. I figured no one would pay this much for a one trick pony...Sammy
Unfreakinbelievable dudes. First TWTR, WYNN, then NOK and now us. When, just when will all this just stop??? Sammy