The FashionGrinder Forum

[maxfield]

Sbux trading at 23.32 today.

MSN money has an article today saying …
“So it's no surprise that Wall Street analysts have a median price target of $24 on Starbucks' stock, according to Thomson Reuters. The stock was trading just above $23 this week.”

http://articles.moneycentral.msn.com/Investing/CompanyFocus/hello-frugality-goodbye-good-life.aspx

Thoughts?

[bentleigh]

depends, are you in the black?

a good rule of thumb is to cash in your chips and leave the table when you're ahead. remember, novelty items don't do well during recessions/depressions.

check the indicators though, make your own decision.

[shanley]

Sell half of it. Buy more if it goes lower. Or buy other retail stock like URBN.

edit: bulls make money, bears make money, and pigs get slaughtered. i would sell at least 75% to 100% of the position. and use it to buy something else after today's jobs report. something like URBN, or if you wanna go to other sector buy a bank, or INTC, CSCO.

[cuddle]

I like MCD better,good stable company,and it pays A nice dividend.