Cheesecake Factory (CAKE) - Steve Patterson

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Cheesecake Factory (CAKE)
Jul 29, 2008 09:42 PM UTC

Steve Patterson

Return	Risk
-16.88%	MID

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Symbol	Sentiment	Start	Return	Closed
CAKE		07/29/08	-36.87%	--

Via FastSwings.com - Steve Patterson:

Try building a short
position in a name that has shown weakness.

Â Â Â The stock of The Cheesecake Factory
(CAKE) rallied slightly today off of itâ€™s all time lows as the overall market rebounded
strongly when presented with decent earnings, a drop in the price of oil, and a
better than anticipated GDP number around the corner on Thursday. But Friday
and thereafter could continue the downtrend the DOW Industrials has been following
the last week.

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