Let Them….Ya Know…

By -

One of my favorite short positions right now is Cheesecake Factory. For those of you not acquainted with this superb dining establishment, here’s a sampling of their wares along with calorie counts:

TotalShit

Oh, you’re still not full? How about a slice of their fabled cheesecake?

Cakes

OK, tubby, that’s enough. Let’s look at why I’m short. Check out this analog:

slopechart CAKE

Here’s a closer look.

slopechart CAKE

My entry point was 31.83 and my stop is 30. I intend to hang on to this as long as possible – -months, or even years, if possible.