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  #1 (permalink)  
Old 02-07-2006, 02:42 AM
GoodKarmaGuy GoodKarmaGuy is offline
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Default Bazanster - Is the chart telling me to sell my SBUX?

It looks like everthing is pointing to over bought. I thought I'd get your opinion.

Thanks

BTW SBUX is one of my all time favorites that I've been long on.
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Old 02-07-2006, 07:55 AM
bazanster2 bazanster2 is offline
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Default RE:Bazanster - Is the chart telling me to sell my SBUX?

GoodKarmaGuy,


The stock received good news recently:

TOKYO, Feb 7 (Reuters) - Starbucks Coffee Japan ((2712.OJ)) reported a 30 percent rise in its nine-month
net profit thanks to strong sales of high margin products, and it raised its full-year outlook by 14 percent.
The coffee shop operator, owned 40 percent by Starbucks Corp. (SBUX,Trade) of the United States,
said its parent-only net profit totalled 1.36 billion yen ($11.4 million) for the nine months ended December,
compared with 1.05 billion yen a year earlier.

Recent spike in volume bullish short term.
MACD Fastline (red) is trending up and widening it's gap from the Slow(blue) signal which is bullish.
The MACD is still trending up.
Stochastic has just arrived Stochastic overbought territory.
So it's getting to the point in which one should start to
expect an reveral. Would look for a closing of the gap between the MACD Fastline and the Slow signal.
The reversal should be occur just after the inversion of the MACD Fastline and Slow signal.
Would also look for the MACD volume fail to hit a new high for the leg.

The stock is well above it's 10,20,50,100 and 200 Day moving Averages.
One could play a tight stop loss of around $34.24 or a bit losser at $33.49,
which would allow the stock to correct within it's recent trading range.
Since the movement of the stock has been bullish. This allows some retreat
in hopes that it rebounds. If one wants to take advantage of this recent spike
and has a bearish opinion, then a tight stop loss would be the better play.
Would still be bullish on this stock while it's well above it's moving averages.
Look at the % increase in Daily Trading Volume. A sell off with a jump in Daily Trading Volume
would be bearish.
Have placed this stock our www.clearstation.com WatchList.

Curently somewhat bearish and looking for a correction here.
We'll be keeping an eye SBUX,

gl,

baz


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Old 02-08-2006, 05:50 AM
bazanster2 bazanster2 is offline
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Default RE: Bazanster - Is the chart telling me to sell my SBUX?

Off a bit, would hold with at stop loss at 33.44
Am somewhat bearish on the Stock market short term for now,
so would be quick to exit as a short term speculator.

gl,

baz
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Old 02-09-2006, 02:53 AM
GoodKarmaGuy GoodKarmaGuy is offline
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Default RE: Bazanster - Is the chart telling me to sell my SBUX?

THanks for taking the time Baz. I can't make up my mind on this stock for the short term. Despite it's high valuation I feel it's warranted long term.

I should of been asking about gold and oil. I've just been WACKED in the last two sessions.
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Old 02-09-2006, 02:58 AM
Bostongambler Bostongambler is offline
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Default RE: Bazanster - Is the chart telling me to sell my SBUX?

Any other hot stocks GKG?
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Let hatred turn into friendship because of your existence.
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  #6 (permalink)  
Old 02-10-2006, 06:38 AM
bazanster2 bazanster2 is offline
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Default RE:Bazanster - Is the chart telling me to sell my SBUX?

GoodKarmaGuy,

SBUX +1.3% on +11.6% increase in Daily Trading Volume.
MACD widening well above -0- which tends to be very
bullish territory.
If you thinking of getting out, a Stop Loss Order of
$32.94 for one that tight or a losser one at $29.94
allowing for a little pullback.

Merrill Lynch said it had raised its long-term gold price forecast to $500 from $400 because of rising
fabrication demand and chances of only modest growth in mine production

Gold hitting 25 year highs. Closed at $524
The entire metals complex has been rallying for quite a while.
At some point rising interest rates will slow the economy enough for
these commodities upward momentum to stall.
Would be wathcing Average Trading Volume numbers, market leaders.
Continue to be bullish long-term, would play the moving averages if were
short term speculating.
During bull runs, even dubious companies are swept up with gold bug fever.
Look for the first heavy sell-off on strong volume.
An increase of +100% or more.
Copper continues it's ascent, stong demand especially from China.
All this means that there will be good 'short' opportunites,
especially for those that correctly anticipate tops.
Spikes generally are not long in duration.

Oil crept up toward $63 a barrel as lingering worries about supply disruptions in major OPEC producers Iran,
Nigeria and Venezuela checked losses resulting from swelling gasoline stocks in the United States.
Long term prospects for oil from a Supply/Demand veiwpoint is very bullish.
The econony has been strong enough so far to absorb the higher energy costs.
Bearish news for the economy is bearish for oil.

from By Nick Godt Markets Reporter for www.thestreet.com
"Not surprisingly, a recent poll of 700 global investors by Lehman Brothers found that topping the
list of global concerns about the global economy was a slowdown in the U.S. housing market,
which itself has fueled strong U.S. consumption."


Alternative energy is a growth energy.
Read that Wind Power in Spain is expected to grow about 30% over the next several years.
Solar power stocks like Evergreen and XSUNX has done well lately.
Natural Gas liquidification is also a good growth market world wide and particularly in the USA.


www.photoechoes.com

PhotoEchoes is a digital Kaleidoscope software running as a stand-alone program or as a screensaver.
It generates dazzling images based on digital photos.
The program will use your collection of photographs (from the folders you choose) and pick images randomly.
It will process the images to enhance them and project the result on screen in multiple animated reflections.

It's another fun one, free to try. Only $14.95

good luck and best of karma,

namaste'

baz
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