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Starbucks Corporation Message Board

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  • Engleka Engleka Jul 23, 1999 2:49 PM Flag

    upgraded by

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    • Shorts are panicking, sentence structure is
      falling apart, old BS is being recycled, arguments are
      getting weaker and weaker and weaker. Doesn't look like
      anyone's buying what the shorts are selling. Like I said,
      they'll be gone within a month. Given the panic evident
      in recent posts from shorts and bashers, they may
      not last through next week! It's a great day to be
      long!

      • 2 Replies to Engleka
      • I bought 1000 at open, 1000 at close. I think we
        have seen a bottom we will never ever repeat. I am a
        first trime SBUX shareholder, so that says something,
        doesn't it?

        Also check out HDG, haley drugs, and
        their new FDA approved "cure for common cold." I bought
        in at 2 1/3, it's at 3.00 now and word had just
        begun leaking out. Check yahoo news.

      • Short sellers are more patient than
        longs.

        J.P. Morgan stated only that SBUX will be a "market
        performer." Morgan did not change its estimates of 0.54 and
        0.68 for FY99 and FY2000, respectively.

        Also,
        on 06/30/99 AMZN $125 and SBUX $37 1/2. Yesterday,
        both stocks trading at lows for the month of July and
        traded down on Thursday. No earnings news for AMZN. AMZN
        up 7% and SBUX up 8%. The market just gave back some
        of its earlier take-aways. AMZN $114 up $7 and SBUX
        $26 up $2.

        SBUX should be a good trading
        stock, short in the high $20s and buy in the low $20s.

 
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