SBUX Starbucks Corp

I see that Starbucks will be selling an instant brand of their coffee. Not sure if that will make much of a difference for them.

The stock price looks like it will continue lower, below the Nov. low of $7. A nice example of how stocks move in trends. As long as the price stays to the left of the trendline, the bear trend is still in effect.

Starbuck Follow-Up/News

The stock price continues to decline for Starbucks. Now at $22.50 and the P/E still at 26. Still a long way to go before the price makes business sense.

Today news came out about a problem with their thermos coffee cups burning people when the handle fails. Reminds me of a Seinfeld show.

This won't help the stock price.

Starbucks... The Stock Not The Coffee

I see that it is time for Starbucks to take a healthy correction. Down to $24 from a recent high of $40. Even at this price the P/E is still at 29 times. Definitely some Castle Building in the Sky has been going on here. It reminds me a little of the dot.com craze.

I would not be surprised to see $15 before this correction is over.

ps...I don't like their coffee but that's just me..too strong. But--most people do.