I like trading options, love the volatility of many tech stocks, which SBUX isn't volatile enough for me to play it with options against the big boys.
SBUX is a "hold-longer-to-make-money" stock. I do have my own technical analysis which involves the percentage change in CLOSING prices (not low or high prices involved). Based on my technical analysis, SBUX's closing prices' gap from back to back on option expiration Fridays, averages 6%-10%. To make it safer when it comes to options, I would use the 6% to play it safe (low expectation). So, based on my analysis on SBUX, by Friday April 21st, 2007 (expiration of April options) the stock would be AT LEAST $33.21.
You actually got it at a pretty good price. I held SBUX since I was an undergrad. I witnessed its splits, ups, and downs. This is a long term stock, not a buy me today and sell me tomorrow stock. If you can hold it for 1-2 years...it will become your best friend.
To make you feel GREAT!!! here's something:
http://stockcharts.com/def/servlet/SC.pnf?c=SBUX,P check out this analysis. Not sure if you knew about this site. But in some ways, is a good tool. Don't depend 100% on it, it's just an extra tool that you can rely on. Good Luck!...
p.s - I'm not sure if you understood what I wrote...but all came out to: SBUX is a great solid stock. Have fun with it!!!
Here's ther inside 4-1-1 on Starbucks
(my brother works on Wall Street)
Starbucks is going into the music business now, and real hard I hear.
The coffeehouse chain announced that it would be getting into the music-production business -- and at a high level, with the ex-Beatle McCartney next album its first effort.
From what I hear McCartney will also work with Starbucks business wise also.
(my brother works on Wall Street)
Starbucks is going into the music business now, and real hard I hear.
The coffeehouse chain announced that it would be getting into the music-production business -- and at a high level, with the ex-Beatle McCartney next album its first effort.
From what I hear McCartney will also work with Starbucks business wise also.
