Sunday, March 05, 2006

My 2005 SBUX bear campaign revisited


My SBUX bear campaign ended in October 2005 when the price closed above the downward sloping upper-channel line on its weekly chart. I won't be shorting it again until it makes a long term lower high the way it did in early 2005.

Unfortunately I can't tell you anything about the fundamentals of SBUX that you don't already know.

1 Comments:

At 9:13 PM, Blogger GrizzlyBear said...

Hi Jon
Thank you for your comment.
This could be a great shorting opportunity. In my opinion.
Look at the January 2007 35 puts- only $2.65 per contract.
Good Luck.
G R I Z Z L Y

 

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