SHAK - Shake Shack Inc. stock

[Modee]

I wrote a little about this stock here
http://www.modeeworld.com/forums/for...stock#post1676
and how even at its IPO opening price of about 45, SHAK's 63 restaurants are valued at $26 million each (while at current stock prices McDonald's is at $2.5M for each of its 36,258 global outlets). SHAK is a very overvalued stock but it is currently running (hit a 52 week high of 84 today) and might be worth a mid-term trade.

[Modee]

After hitting the 90s last week, SHAK is taking a major bath today and was down as much as ten! percent. I believe it rallies to 100 by the end of the year anyway. People can't seem to get enough of these momentum stocks, overvalued or not.