Do you have time for a coffee?
It has been sometime since we last looked at this market which has had a remarkable move from its lows. So how high can Starbucks (NASDAQ:SBUX) go given the current economy and the competition from McDonalds (NYSE:MCD) and Dunkin' Donuts (Privately Owned)?
In this short video I will point out some key levels that I believe will present problems for this iconic coffeemaker.
There is no need to register for this video and of course you can watch it with my compliments.
Now go grab a cup of coffee and watch this video.
Enjoy, and please give us your feedback on the MarketClub Traders Blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Simply, many of us coffee drinkers will not give up our coffee. But it rather amazes me that Starbucks does so well, when many are waking up to another strong, and IMHO, better coffee: Dunkin Donuts. Don't get me wrong. I still prefer a fresh roasted approach, like my fave street side cafe here in RI, TLC Coffee Roasters. well, I guess you see now that I'm a hopeless coffee addict. Short Starbucks!
Mark,
Check out you tube it might be up there. We do occasionally post videos on you tube.
Thanks
Adam
Does anyone know how I can view these videos on an iPhone?
Mike,
Do you have the latest Flash player on your system?
If not go to Adobe.com and download it. That might be the problem.
Thanks
Adam
Hi from St. Paul,
Today I heard Adam's presentation but partway through the chart broke up so that most became bright red. Only portions of the chart were rendered after that. Good info but technical glitch. I will have to check further into sbux.
Running Kmeleon on Win XP. DSL @ 1.5 Meg speed. I'll have to try again with Firefox.
Any Suggestions on how to play SBUX?
Thanks,
MK