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Thursday, March 29, 2012

SBUX - Sky Has Limit?

Starbucks has reached exactly the 150% Fib extension this week after going parabolic this month.  This is a major milestone, representing halfway to the full target of 106.  Time to cool down with Frappuccino?  I would take profit if I were long.  If I did better so far this year, I might have some courage to short.  It's amazing in just over 3 years, SBUX can return over 700%!   No positions.

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