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To: Henry J Costanzo who wrote (135005)8/2/2006 12:18:21 PM
From: steve from ihub  Read Replies (2) | Respond to of 209892
 
spx now within just over half a percent of 1290, which is the last hurdle before signalling a trip to the old highs or higher



To: Henry J Costanzo who wrote (135005)8/2/2006 2:31:02 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
GRMN hitting new LOD - thinking about buying a tiny bit since it's now below the 88-89 range I mentioned earlier . . . hmmm . . .

Not usually a bottom fisher, so wish me luck <g>



To: Henry J Costanzo who wrote (135005)8/2/2006 2:36:24 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 209892
 
Day is getting further along and they keep hamming GRMN... Man why didn't I short it...



To: Henry J Costanzo who wrote (135005)8/2/2006 4:21:34 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
SBUX report now in, and although I don't see anything particularly disappointing (nice revs, beat earnings est., affirms guidance, announces buyback, raises # of new stores to be opened), but it looks like it got an immediate whack of $2 and change from the close, so somebody was prepared to sell the news regardless.
AH almost all of the action has been in the 30 to 31 range, so maybe that's a temporary floor. There's strong horizontal support around 30 from late December - early January.

Now we'll have to wait and see how many days it will take the institutional shorters to cover . . . . .

CHICAGO (MarketWatch) - Starbucks Corp. earned $145 million, or 18 cents a share in its fiscal third quarter, up from $125.5 million, or 16 cents, in the year-ago period, the company said after the close of trading Wednesday. Revenue at the Seattle-based coffee chain rose 23% to $1.96 billion while same-store sales rose 6%. The average estimate of analysts polled by Thomson First Call had been for Starbucks to earn 17 cents a share on revenue of $1.96 billion. Starbucks also said it expects to earn 72 cents to 73 cents a share for the full year, up from 61 cents in fiscal 2005 and in-line with analyst estimates.