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SBUX- Where We Got In And What To Do NOW

|Includes: Starbucks Corporation (SBUX)

SBUX-Here is our trade on Starbucks and what we are doing with it now. We got in at such a great entry point we have over a 10% profit to allow it to move around.
When you can get a quick 10% move in 2 weeks like we did in SBUX, timing your buy points really makes a big difference in your performance. Not only do you get these quick profits but these profits give you a great cushion to let the trade work without getting stopped out. You are also able to avoid riding the stock lower for months before you get back to breakeven.

SBUX should consolidate at these levels but if not we should have plenty of support at the $25, $24, and $23.50 levels

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