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Any thoughts on SBUX? Rate this Topic:
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puckster
Posted : Saturday, July 30, 2005 10:06:04 AM

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Joined: 6/24/2005
Posts: 38
 Looks like a strong breakout from an inverted head and shoulders bottom (on daily and weekly charts). RSI, BOP, and MS seem to support a strong move as well. What do others see?
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JLSR
Posted : Saturday, July 30, 2005 5:27:41 PM
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Joined: 4/7/2005
Posts: 9
 Puckster,

I personally am a little leery of the chart. I see the inverted....., but you would want to see it clear the neckline first. I personally think the stock is overvalued and it's presently trading at 36 times next year's earnings. If you're looking to jump in long, wait to see if it closes the window (gap) that has now occurred. If it doesn't, maybe wait until it takes out last week's high.
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puckster
Posted : Saturday, September 10, 2005 11:32:27 AM

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Joined: 6/24/2005
Posts: 38
 JLSR,

I have been meaning to thank you for your response. You were 100% correct in waiting.

Mike
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