I went long Burger King just now, a 1/2 sized starter position at $20.38 with a stop-loss below $18.75, inside 12631. I have been charting the name for a while now on the blog, and am playing for another push higher off the major support trendline since September 2012.
I still would like to short MCD against this, but am patiently waiting on the pair trade to develop.
For now, I am riding with The King.
