Just so you know, due to a recent unfortunate event, regarding my Dunkin’ Donuts coffee consumption, “The Fly” has switched back to Starbucks—for those of you who are keeping record.
As you know, Dunkin’ Donuts is the coffee choice of poor fucktards, cops, firemen, construction workers—people like that (no offense to public servants of course).
I repeat, “The Fly” is back to drinking Starbucks coffee, exclusively. Fuck those pink gay clown cups, over at DD.
Trade accordingly.
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Fuck that. You’re just letting your money go to your head. First drawdown, and you’ll be back on DD.
welcome back to not shaming your esophagus with poor man’s coffee. I think this portends great things for ibank.
What about the Java Monster?
ps.: My significant other brought me a ‘skinny mocha’ from Starbucks this morning…what a humongous piece of shit that is!
I’ll assume your switch nailed the bottom in SBUX a few days ago.
Well done.
The Fly rules public servants (low rent) coffee as well as yuppie wannabee coffees.
Tea is the new coffee.
-DT
You mentioned in recent commentary that you were drinking coffee from a Mobil Station.
I call bullshit.
http://health.yahoo.com/experts/skintype/11082/caffeine-good-for-your-skin/
Tea is gay.
Not that there’s anything wrong with Liberace beverages.
_________________
Big news next:
To those of you who had the perscipacity to purchase XLF puts (or more XLF puts, as it were) this week:
Rejoice!
Fly- Tell us what your order is @ SBUX
Triple shot
· Grande
· Sugar free vanilla
· Sugar free hazelnut
· Soy
· Light whip cream
· Extra hot
· 175 degrees
· White chocolate mocha
When they ask your name do you tell them “The Fly” ?
Pico projector at a Vegas night club. Total 3 videos.
http://www.youtube.com/user/bumbllbee
Went in to one of my local SBUX yesterday morning and asked for a $1 cup-o-joe. Not because I am a cheap ass, but just to test the system. Stopped the chick in her tracks when I brought it up, like, oh shit here is another one of the DD coffee drinking cheap mutha fuckers. I politely corrected her and said that she must be thinking of that character named “The Fly”. I was not he. She regained composure and then, as politely as she could, said that that program is only running in Seattle. I then belched as loud as I could, scratched my nuts, and walked out. Anyone else outside of Seattle have the balls to see if the $1 cup program is up and running in your home town?
Been accumulating SBUX for last 2 weeks – ave price now is $19.04. Weekly chart is oversold (daily oversold chart just corrected). Monthly chart is also showing oversold tendencies. Nice double bottom on daily chart as well.
Fly has perfect timing.
KD–
Nice attempt at guerrilla marketing there, both with the club, and the youtube vid. Cheap too.
Let’s see if it catches fire.
Lung Sac–
Bad idea to go long that cawfee tawk dog now. Going to $14, minimum.
Fly said he was going to SBUX, not buying it.
Felix Zulauf in Barron’s:
Next, I have a currency trade. There has been a lot of talk about how the housing problems in the U.S. are affecting the consumer. The U.K. housing boom has been much more extreme. Key factors like home-price-to-income have risen to much higher levels than in the U.S. Consumer debt in the U.K. as a percentage of disposable personal income has risen from 100% 10 years ago to 166% today. In the U.S., it’s 133%, up from 90% in the past 10 years. The savings rate in the U.K. has declined from 13% in 1990, to 3% recently, as a result of the consumption boom.
—-
EWU is the country ETF if shorting the currency is insufficiently dramatic for you. I always thought the Brits were suave and debonair, but apparently they’re just doomed.
Jake,
Thanks for the sentiment; however, I am not buying or making my investment decisions based on Fly’s opinion – no offense Fly.
SBUX is trading at about 19x 08 EPS. Revs are expected to be up 12% in the US and 22% internationally. The return of Schultz and a history of hitting their mark on earnings, doesn’t make it likely that the stock will trade at the discount you speak of. Gathering shares at this current multiple is worth the risk, given that details of Shultz’s 5-point plan are due out on Wednesday on top of the 51% drop that the stock has experienced. At a minimum, I expect a snap back given the technical charts are showing oversold on both weekly and monthly. They hit numbers on Wednesday on top of the Schultz return, focus on international expansion, cleaning up shit here at home…..yeah, it’s worth it. Think Jobs coming back to AAPL….well, maybe that’s a bit of a stretch.
A more conservative investor/trader would wait for the plan to come out; however, that’s not who I am (whitness my hold of INTC and AAPL through earnings – just fucking genius). Not saying that this is the best time to get in, but current valuations, the return of Schultz, the upcoming details of the 5-point plan, and a history of nailing estimates (giving it a 19x PE forward earnings) makes this a risk worth taking. No proof or evidence I see to suggest another 26% tumble. Let me know if you have any insights – am more than happy to see what you have.
Sac– no fundies, just the charts bro.
Fundies tell you what should happen, the charts tell you what is happening.
The market is in for a shit storm and SBUX is going to sell to levels that will make your eyes bug out. I’m just saying right now the risk – reward is not there for me. If you are going to trade it, be sure to be nimble here.
china bear…you are right about the UK, it is f*cked.
way more over-extended and over-priced than the US, at ~2.00 to the dollar it is a great short if you can stay in it for a couple of years, 1.50 is nailed on. housing market has only started turning down in the last 6 months, and even then it’s only slight. transactions down massively and show no sign of coming back, as lenders are reducing LTV values they are willing to lend at. all those broke scumbags won’t be able to load up on 5 buy-to-let properties with next to nothing down any more. and the best thing…your average person here is still believing the sh*t that housing can’t go down. we get next to ZERO publicity about the US housing crisis.
short the FTSE, short the currency, you can do no wrong. you know that the pound performed WORSE than the dollar in 2007 on on a trade-weighted basis? and if you thought your government were useless, you haven’t seen anything until you’ve see these useless Labour socialist tax-and-spend morons. they borrowed and spent whilst times were good, and now they are f*cked in this coming downturn. Current account deficit was at a record in december, i think it was 5.7%. makes the US look positively frugal.
rant over.