The once high-flying stock suddenly crashed and in just over two weeks lost more than half of its value.
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But on Wall Street, shares of Cheesecake, trading on the NASDAQ with the ticker symbol CAKE, are displaying sluggishness, prompting some analysts to turn sour on the once high flying stock.
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Should there be additional selling in the rest of the sector, traders should be alert to the potential for profit-taking in a high-flying utility stock such as Oneok.
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Second quarter earnings were released after the bell on Wednesday, sending the stock flying after hours given top and bottom line beats and increased guidance.
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As his business evolved, Thakkar started flying to Dubai to stock up on computer hardware and then sell it for a profit in Kampala.
The founder and CEO of Facebook managed to prop up shares in his company last week after giving an interview that reassured investors, and the stock is still flying high.
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Investors will be hard pressed to find a cheaper stock in the high-flying technology sector.
Most of the airline industry stock prices took a dip with chatter flying over whether or not there would be an AMR bankruptcy.
For all these reasons, Levy is keeping more than 50% of his assets in Treasurys, and advises using any rally in the stock market to unload equities, including once-high-flying tech stocks that have fallen like lead.
One stock she inherited from him was First Solar, a onetime high-flying solar panel maker whose shares have tumbled 75% in the last year.
Their stock prices would rise above the mass of boring old blue chips and follow the high-flying tech stocks.
But a volatile stock market, and caps on what middle and upper income investors can buy in the high flying real estate market have reduced investment opportunities for Chinese.
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