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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