I’m not sure why restaurant stocks got humiliated yesterday, nor do I care. All that matters to me is that SHAK is coming in. It still needs to drop by at least another 30% before I’m interested again. Truth be told, I thought you were all crazy buying it at $90, at 30x sales.
I bet you, in the history of all the stocked market, no restaurant stock has ever traded at such an absurd valuation. To be plain, I believe the underwriters of SHAK should be placed on a gibbet and beaten with a nine tailed dungeon whip.
We need a good freezing up of private capital in order to stop the insanity. The vulture capitalists are making all of the money, while we sit here with our dicks in our hands, waiting for insiders to liquidate at already insane valuations. This would’ve never have happened a decade ago. Now it’s almost impossible to buy an IPO at a reasonable price and hold it for long term gains. By the time these greedy fucked faced bastards IPO, it’s already Uber.
Fuck this shit.
The best way for us to bank coin now is to buy liquidations or get lucky with biotech lottery. Sadly, that is what this market has come down to.
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Yup. Or buy SBNY or SNA which never seem to go down for more than a day. Not that I own either. NDRM is going crazy because I decided against buying it a week ago. I bought SHAK a couple days ago but I agree it still has a little tumbling to do. Let’s see what happens on a 100 point down.
Your old friend $HABT got creamed yesterday as well, is now below IPO price – what are your thoughts on this?
nothing changes attitude like a good lashing from the cat o’ nine tails !! puling nails, I hear, works too.
NFLX ?? think it pulls back for entry or get on board the runaway train here? going from 50-200 countries in the next 18 months
CDW and MIK were solid recent IPOs.
Facebook was the last great opportunity when it traded under $20 post-IPO. At that time the anal-ysts were saying it was worth no more than $13, and here we sit at $90. It’s no wonder Buffett is where he is, if you want due diligence, you’ve go to do it yourself.
I can’t even right now. I read this post, opened up Twitter, and here’s what I see:
1. Meet the 7-yr-old Billionaire Making 3D-printed Emojis
2. An unfathomably self-congratulatory AirBNB ad, equating couch-surfing with human progress itself, conveyed in tones normally reserved for revolutionary scientific discoveries.
3. FapAFap raises $1b in seed funding for an app you’d never want, but will have to install because fuck you.
HAHA! Thanks for the laugh
Once investors catch on the VCs will try to change the rules and offload their shit outside public markets probably to special Merrill Lynch clients.
Do you still own HABT, fly?
Also here’s a great portfolio for all who want to own the fly. It’s every ticker with “fly” in the company description on FINVIZ http://www.finviz.com/screener.ashx?t=ABCD,ACPW,ACW,AVH,BV,CMPR,CW,FLY,FPP,FTD,FTEK,GOGO,HTZ,HW,ISRG,JAKK,LUV,MRC,MWA,NVDQ,PCOM,RFP,SFLY,SPWH,THO,TZOO,WM,XYL,YECO
I bet Boston Market in the 1980s, right after it’s IPO, traded well over 30x sales.
FLY, did you ever get in NFLX? Your 2015 prediction has been on point.
Most of your 2015 predictions have shaped up so far. Impressive.