actually i sold the 5's last week, bought them back lower, and now am selling the 4.50 calls. i see it lower Friday close. this is a call-write against my position, not a naked sell.
the pumping on SBUX is ridiculous today. Cramer and Shultz are best buddies.
This will flame out. Company is overpriced. Many negatives. And the only reason why DNKN hasn't eaten SBUX lunch yet is they are not there yet on the West Coast.
I know they play favorites with this stock today but it will be going lower.. you shouldn't be owning it now. Starbucks is first and foremost a casual shopper customer - commected with retail grazing which Schultz says is waning.. that will be bad for them
good luck if you don't sell it will still be dropping...
CEO says casual shopper is dead 5% growth is not worth 30 p/e
will have to close stores near dying strip malls and regular malls
Green Mountain is eating their left and Dunkin is eating their right.
See you at 50-60 this summer.
waited til a day like this to buy - trust me the bottom is either here now or very close.
Rare Earths will have a monster run in 2014 at some point. Long Term this is 20+
just buy and watch the $ roll in. Sell Calls for weekly paper route money if need be.