Oct 12 2006
one of my favourite, StarBucks (nasdaq : SBUX) is running out of steam since it’s gap-up on 5th-oct-2006 … yesterday closing of below the support of $ 38.00 confirmed the other indicators (rsi, stochastic, macd) that it’s bearish … moreover, stocktube indicator points to the bulls are slowing down since then … as such let’s play short-selling, shall we ? let’s see … to leverage, maybe i should consider the options of SBUX Jan’07 40.00 Put at 3.70 …
in the meantime, NYMEX crude oil further slides to close at USD $ 57.59 (down USD $ 0.93) … this is good to cushion the geo-political issue of north-korea (but hey, it’s not yet confirmed if it was indeed a nuclear testing or just some TNT just to scare you guys abit …)
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October 12th, 2006 by financetwitter
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