Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: The Freep who wrote (122381)	7/27/2005 4:24:20 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

I guess it shows how much I know about SBUX, up in A/H. The problem I had with the daily chart was all the down volume on the move off the pivot high. Furthermore, the re-test of that low came too close on too high volume for my own comfort. I've been getting some individual stocks backwards the past few days, but at least I'm still reading the indices right. That weekly inverse H&S on SBUX looked beautiful, except for the last 2-weeks.

To: The Freep who wrote (122381)	7/27/2005 5:12:46 PM
From: bcrafty	Read Replies (1) \| Respond to 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!