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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (122381)	7/27/2005 5:12:46 PM
From: bcrafty	Read Replies (1) of 209892

Freep, I've been in SBUX for about a year for a LT hold and while I kicked myself for not trimming during the high volume selling early this year, that inverse H&S that began this year has been one of the reasons I have hung onto it because I figured it would eventually pan out. If the pattern pans out, IMO new highs will be made and it will resume its prior LT uptrend. I think it's a buy right now for a longer term hold, and the only reason I didn't add last week is that I've got little dry powder left (23 longs right now). Part of the reason that I bought in the first place was its uptrend on the weekly which at the time was simply a monster. stockcharts.com[h,a]waclyyay[df][pb20!b50!f][vc60][iLah12,26,9!Lp14,3,3]&pref=G On the FA side I liked their announcement last year of planning to open hundreds of new stores worldwide over the next few years (sounds like a growth company, huh?) and did you know that after all costs they're still netting over $1.00 profit on each cup of coffee they sell? Whew!

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