Starbucks have been moving downward since beginning of the year. It has failed to moved up from a great earning release in July. But I believe we have found some support at $48. This is a great company with excellent management and an innovative work force where Starbucks tap into to create new products like music CDs and drinks. I think the risk is low at current level and would accumulate some shares.

This entry was posted on Monday, September 12th, 2005 at 1:50 pm and is filed under Stock. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.