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Starbucks Corporation Message Board

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  • Engleka Engleka Jul 23, 1999 3:13 PM Flag

    upgraded by

    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!

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    • 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.

 
SBUX
80.21+0.29(+0.36%)Nov 25 4:00 PMEST

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