As a long time Sbux trader/investor, I have my core position, which has grown very nicely since the market crash, and then, I move in and out with some extra trades as it cycles around.
When you predict $30, that is a stretch, because, that would take a long time and the whole markets would be sliding. Sure, all of us will bail out or hedge fast if the markets crash.
Realistically, over time, Sbux is becoming more entrenched everywhere, similar to other big food/drink chains. They are not done with more innovations and products, both at the coffee stores, but also wholesale items put on the shelves in other stores in the world.
I don't sweat at all these moves we have seen in recent weeks. I will hold onto the core and continue to move in and out with more positions.
Again, just one lady's view, and to each their own.