iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

Markets Lower; Greed Strikes $SHAK

We’ve lost 30 NASDAQS so far,, likely due to the good Dr. Bernanke being on his book tour and not at the Citadel helm.

Most stocks are sucking wind this morning, save commodity related. For me this secondary of 26 million shares filed by Shake Shack this morning is just more of the same, a pattern that seems to be repeating itself over and over again.

Why bother trying to invest in these new ipos, when it’s clear as day they give zero fucks about their shareholders? I love the product, but find myself immensely disappointed this morning.

NFLX is higher. Go figure.

Out of all of my positions, I am really liking how this UNFI has been trading. It’s the leading distributor of organic foods and it tends to really outperform in October.

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12 comments

  1. berniecornfeld

    BTFD B4 FOMO

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  2. blahblahblah

    i’ve never been able to get into the only local SHAK. parking lot is always full. NOTHING is worth that aggravation.

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  3. Dr. Fly

    Product is great

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    • sethster99

      The product is not great. It’s basically an over priced Steak and Shake.

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  4. longview

    meh

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  5. traderconfessions
    traderconfessions

    I understand why big investors like Green might bail but according to reports Danny Meyer now has just 30000 shares. That shows very little confidence in the biz.

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  6. levrage

    AAPL is the one that disappoints me. I had an epiphany when they rolled out Apple Music – from “it just works” to “it just sucks”. So, they are going to build a car? Hubris-squared.

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    • rigged game

      AAPL is a broken stock. Valuation is too high by a factor of 2. “Too big to succeed”.

      Looking for 103, then 93, then 65.

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  7. halfbloodpope

    If the market is all telling then $MCD seems to be the people’s choice for type II diabetes.

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    • ebtda

      all time high for MCD…

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      • halfbloodpope

        Not a fan but $CMG seems to be the yuppie’s choice for lunch.

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      • rigged game

        Their new menu prices are as high as Ruth Criss Steak House.

        They will make more money for a while, while losing customers hand over Big Mac.

        It may well be a short term (6 months to 1 year) play.

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