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Starbucks Corporation Message Board

  • mrdax84 mrdax84 Jul 26, 2014 6:11 AM Flag

    My take on $SBUX

    I bought $SBUX last year and averaged down couple of times when it declined toward $69. Yesterday I took all of my profits.My average share price was around $72. My current poistion in $SBUX is zero.

    I sitll think SBUX is the best company in its business and I am sure in the long run it will shine. However, as it touched 80.4 and then sold off with the best earnings and with consecutive 18 Q of positive earnings I am sure we are close to the top, not just SBUX but the whole market. Visa lost, Amazon lost, Panera lost, Dunkin lost , etc... Market is tired and we are entering late bull market phase.

    Also, at some points I was sitting on almost 2k of $SBUX shares , much more than I am willing to invest currently in just one company. Other thing, I am mostly day/swing trader and I don't have patience nor nerves to watch my portfolio going to red for couple of months and wait it to return "one day"

    I am definitely going to re-enter $SBUX but not now. I really think it is great company and Howard Schultz is the best CEO in the world.

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SBUX
57.95+0.05(+0.09%)Jul 25 4:00 PMEDT