Starbucks Corporation Message Board

If you are talking about ChanceDelaney, some
think he is pretty good at calling the market. I think
his reputation as a market guru is spotty. I don't
take issue with that though or blame him in any way,
because I don't think anyone can call short term
movements with any consistency.

If they are talking
about me (Adam), they all think I am a jerk because I
keep bringing it up when ChanceDelaney has been wrong
with his day trading and market calls.

--Adam

"even a person of his reputation" ????

I've been checking this board for only a month or so. What IS his reputation?

I believe you are making the right move in
eliminating your full service broker. However, if discover
doesn't let you set limits, I'd pick a different online
broker. I trade online with Schwab but pay a commission
of $29.95 a trade. Chance and others have
recommended other online brokers with lower commissions.

Didn't mean to sound like a day trader. I'm
bottom fishing also. For me the daily guessing is
injecting some lightheartedness into what is definitely a
gut wrencher, whether you bought at mid 50s or are
looking for an entry point. Am I being inappropriate?


If you believe the Motley Fool, the bottom is mid
30s. Personally, I think that is overly optimistic
(pessimistic?). Hope you find the bottom. Forgot to check my
e-mail re investment club. Thanks in advance.

Are you all trading with full service brokers? I
have a full service broker and also trade on line with
discover brokerage. The only problem with online is that I
can't set limits or at least have not figured out how
to yet. I am tired of the cost of a broker so am
going to change everything to discover. If any of you
think this is the wrong thing to do please post and let
me know why.

Thank you

Good morning to
you all and have a nice day.

E.L.M. used to be
hippie

Chance, I'm guessing a closing price of 44 1/2
after a very brief rally tomorrow morning. I agree with
you, the fact that SBUX has failed to hold the last
two days of rallies is very ominous. Someone big is
selling, and this is so far out of line with the usual
trading patterns that I can't help but to wonder what is
around the corner. Hopefully not a cockroach crawling
out of the closet. But with a valuation like this, if
they announce that expansion or earnings growth may be
slowing the sky will fall in. Hope that doesn't
happen.

Noticed that PMTC rally this afternoon. After trading 5
million shares in a narrow range of 14 1/8 - 14 1/4 it
suddenly popped! I'm thinking either a sucker's rally (if
so, we'll see a retracement tomorrow) or more
optimistically, a big day tomorrow since the selling pressure
overhead is temporarily off. Before the rally, lots of 10K
and 25K blocks hit the bid side without moving it. So
maybe the market makers were accumulating. The late day
rally was done mostly on 1K-5K blocks on the buy
side.

Chance, what's your take on PMTC tomorrow?

Zap