Starbucks is an easy short

[David's faith]

https://www.zerohedge.com/markets/starbucks-slides-schultz-halts-buybacks-invest-more-our-people
If you want an easy short play - here you go, baby. Aim for 85 maybe after a retest of the last high.

 

[maxinger]

this news is too late.

it is too slow by 3 months.
what a lousy zerohedge.

they must have been sleeping for 3 months.

 

[David's faith]

this news is too late.

it is too slow by 3 months.
what a lousy zerohedge.

they must have been sleeping for 3 months.

https://www.barrons.com/articles/starbucks-halts-share-buyback-51649061882?siteid=yhoof2
they came out with the news today before the open. Impact will be today.

 

[SunTrader]

If you posted this with the title you gave it to get a reaction here's mine: nothing is easy in trading. That is all.

 

[David's faith]

If you posted this with the title you gave it to get a reaction here's mine: nothing is easy in trading. That is all.

True. Maybe better title - "if you find no opening trade today: try this one."

 

[maxinger]

https://www.barrons.com/articles/starbucks-halts-share-buyback-51649061882?siteid=yhoof2
they came out with the news today before the open. Impact will be today.

It has already gone down 3 months ago.
chances for it to do down again are <50%.
so if there is a signal to short it,
I'd short it with a reduced quantity.

 

[David's faith]

It has already gone down 3 months ago.
chances for it to do down again are <50%.
so if there is a signal to short it,
I'd short it with a reduced quantity.

It opened at 87ish.

 

[maxinger]

It opened at 87ish.

I'd short it with a reduced or zero quantity as per my above reason.

 

[David's faith]

Yeah, just mentioning timing was not an issue.

 

[vincentnyc]

u are a day late and a dollar short. 1/14/22 was the day that you should begin shorting sbux. now is 4/4/22. you are about 2 months late buddy.