You could be correct. If wall street long big time then they move it up. Fundamentally the stock is not worth anywhere near the share price. Expenses to go up 37% so revenues stay the same or less. Accounting magicians provide outcome of making some money. This has become the American Dream. To work for one of these companies that falsehood is truth.
If you look at a chart of SBUX, you will see that it has been in a downtrend from October 2015 making lower highs and lower lows. The market itself is near all time highs. Last week SBUX went down to about 54.60 and had a little move up. If you look back to June 2015 and February 2015 there is some support at 54+. If it falls below 54 there is no support until 50. Wall street is making much of its money shorting particular stocks and sectors. This is no time to be a hero. Make sure your investments are in an uptrend before buying. Granted there are times you may want to start a position after a good company had been taken to the woodshed by the wall street shorts. A prime example was WDC. They took it from near 99 to 36 and two big borkerages then downgraded. Yes it went down another dollar with the downgrade, let them cover a number of shares lower and then purchase. If you look at that chart you will see what happened. All I am saying is this is an area that I am watching SBUX, I have covered my short already and I do not know which way that it is going. It is still in a downtrend and may just channel up and down here for awhile. I have no trouble as a Monday morning quarterback telling one what they should do after the move has been made. It is at times likes these I am a little more cautious.
Appears SBUX is in a downtrend. When it broke below 60 in April it went down quickly. Now it is just continuing down on good days, which most have been, and on poor days. Spending up today, supposedly, and down again. Obviously wall street is short. If they do not do some covering in this 54 area could have a nasty drop below 54.
When you look at the tape they are refreshing on the offer. I guess they are thinking it will be a better value, a better stock, a better dividend when it is around 30 and they cover to then buy.
Doesn't appear that they have stopped. With shorting via wall street makes for quick drops.
TSO is in the green. VLO has a number of sellers or shorts on the offer. VLO and WNR taking a bit of a kicking.
Normally they do not bring them out alive.
We have been in driver season for some time. I agree that one would expect refiners to go up but their profits are diminishing. Maybe it turns around this summer.
Again for the sake of a few will put so many at risk. This is why folks have supported Trump. He makes statements, as ridiculous as they are, that say he will no longer let a few(rich establishment) #$%$ all over the majority. TGT comes out and basically says the majorities rights do not matter. What a recipe for disaster. Is it the few that shop at TGT.? Most of them have never been in a TGT store. They say they are taking the bible out of the store because this discriminates against other religions. Just say that the bibles are not selling. These executives are not only unwise they are ignorant regarding how folks think.
Downside revision could be more than 25% if they hit the bottom number projected. Definitely is bad but there will not be anywhere near a 20% correction in the stock.
Was thinking they must be counting the missed earnings at this price. Now thinking still some heavy big money shorts in this and they are going to take it down even more after this evenings earnings.