Shake Shack (SHAK)

[crudeoil24]

Cramer, all week long, pumped the living daylights out of SHAK. He has been friends with Danny Meyer for years. Cramer made Danny a billionaire in first three minutes of trading. Danny's 3.5M shares of Class B common IMMEDIATELY converted to Class A common shares. Hot Dog Cart >>>> to Billionaire!
Once SHAK got above $21 in a potential opening trade price, I decided to pass on this EMOTIONAL run-up.
Buying on emotion, as so many did, created a ton of bag holders. The NYSE became the NEW YORK SHAK EXCHANGE >>> with cheerleaders chanting various SHAK verses on the floor of the exchange.
Crazy stuff! ... SHAK will drift back to $15 in upcoming weeks.
In fairness to Cramer, earlier in the week he warned folks to not pay over $20. for SHAK shares.