UPod > Trade Notes

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Brokerage Account
5 Day -14.46%
15 Day -30.58%
1 Month -26.96%
3 Month -46.78%
6 Month -50.76%
As of: 11/20/08

Member since: Dec 07

Bought SBUX at 18.15

Users Bought (30 Days) 3 (100%)
Users Sold (30 Days) 0 (0%)
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Transaction: Bought
Symbol: SBUX
Quantity: 125 shares
Price: $18.15
Value: $2,268.00
Stop Order: No @ $N/A
Target Price: $0.00
Several reasons I made this trade:
  • Starbucks has been trading between $18 - $20 levels since early January. $18 seems to be the short term support level. At only one point this year has this stock closed lower than my purchase price - January 4 @ $18.11

  • I'm pleased with the initiatives announced since Howard Schultz returned as CEO - especially free Wi-Fi in all stores by end of 2008.

  • The annual meeting is March 19th. I'm speculating one or more announcements will be made that could act as a catalyst providing upward momentum.

  • My average unit cost has been reduced by $1.00

  • Two things I have going with this trade - plenty of time and patience.

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1 user tagged it: SBUX, Stock, Buy
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