Oh man, it’s 4:46am in Hawaii, and the market is soaring. It’s good to be high again when everyone else is sleeping. This market is caffeinated, and soon I will need some myself. Unfortunately I have to settle for SBUX down the street. It’s true though, my stock list that I’m building from the ground up for winter starts with coffee stocks. First thing you’ll notice today is that they’re kind of flat. But I can live with that. Even though they are not up big in tandem with today’s tape, I can sit quietly and sip on coffee, my coffee, that is brewing near their 52-week highs.
I still have some long term GMCR stock (base is way low, something like 19 for you CANSLIM investors), and am thinking about revisiting the momentum trade near this resistant point. Another long term base? Sure hope so.
For now, my top coffee spec is CBOU. I tend to short this stock more than I buy it, but looking back, it would have been simpler if I just bought and held at $4. Now the crazy stock has formed a long term base at $6. It currently trades a few cents away from $11. Buffalos for the win. Slow and steady, but plows through the shorts.
Anyway, since it’s late, er, early, and all I have is my espresso craving creeping up on me, I can’t help but reminisce about this trendy coffee shop I tried out in LA called Intelligentsia. Wow. If you live in Cali I envy you. Best espresso I’ve ever had. And the baristas there are fanatics. Great group of guys they got there… they are in such high demand that other coffee places recruit them. They’re that good. Here’s a little tip… say you’re from Hawaii, and they’ll hook you up with a couple of shots. Worked at both cafes 😉 Try the black-cat, and take home the tea. I have about a month supply of both, but it’s running low. So sad.
Oh yeah, Intelligentsia won 2010 for best barista… in the world. I guess I got good taste ay? Simply put, Intelligentsia is the Harvard of coffee. If only I could invest in one here. If you’re ever in LA, give it a try. Bring your dog too.Twitter