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Shortcake ?

 May 26, 2008 11:51 PM UTC
S1200875_11057
Return Risk
-3.27% HIGH
Associate
Symbol Sentiment Start Return Closed
CAKE Negative 05/26/08 +5.73% --

Graphic_arrow1 Via The Bull Trader - Stock Charts & Technical Analysis Blog:  

Well, how about shorting cheesecake factory, symbol : CAKE.  The stock has been weakeaned by the overall economic downturn.  Less people going out to eat due to higher gas prices and those chosing to dine out not going upscale restaurants is presumably the theory.  Technically, the stock looks like its going lower.  It recently gapped down on relatively high volume.  The ADX which measures the strength of a trend is very strong.  MACD trending downward.  Overall, I think shorting CAKE may be a decent trade in the coming weeks.  Here is the six month chart:


cake.PNG


 Graphic_website1 Read the rest of original post »



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