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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Back in the Starbucks Short

chessNwine Tue Oct 7, 2014 1:34pm EST 4 Comments

funny-Starbucks-human-resources-webcomic-spell

Here was my note to members just now inside 12631, (1/2 position size if 4% of my 12631 portfolio).

New SHORT: $SBUX @ $74.49 Cover-Stop: Over $76.50. 1/2 starter. Playing for breakdown from consolidation at declining 200-day moving average for former winner weakening.

I will be back in a bit with this chart. Drop me your top afternoon ideas.

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4 comments

  1. popeofvillage
    popeofvillage
    October 7, 2014 at 1:37 pm

    CI

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  2. SMA
    SMA
    October 7, 2014 at 1:38 pm

    Short GM, SBUX, DNKN, FB, AAPL, AMZN

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  3. Billy Cutting
    Billy Cutting
    October 7, 2014 at 1:40 pm

    +1, looks ready to fall..still looking at XL under 30..thoughts on STZ? don’t see many longs out there I like, but this is interesting

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  4. Mark Fine
    Mark Fine
    October 7, 2014 at 1:43 pm

    Consider: short QIHU, but long DNKN.

    Disagree with poster above on DNKN. Plenty of room to grow on West Coast.

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