SBUX - Starbucks

don't worry about after hours.

it will be different tomorrow.

after hours so often can throw you for a loop.

no.

they have AH in the afternoon and in the morning.

So it will open at 8:00am AH trading at $30.

Look whether trades are going thru. The more volume, the more likely that AH prices = open price.

Still then, you can get thrown.

I've seen stocks gap up pre-market only to come right down at open.

I've sold AH b.c. of bad earnings only to see the stock open up.

Wild!

I'm looking at SBUX AH right now volume is 3,995,100 so you are likely to get a gap down. (sorry!).

Down 3% at the current spread.

If you go back a year on the daily charts for Starbucks it looks like they are in a downward trend and if it bounces back up it might only be to find the trend line back down again. I would wait for some consolidattion before I would jump into this thing for a long term investment. But that is just IMO.

Ah don't worry it was something they said during the call about july sales profits are still in line, probably will shake out in a few days.
here is the wire,
STARBUCKS CORP (Nasdaq-NM: SBUX) Aftermarket Movers: Starbucks falls

NEW YORK, Aug 03, 2006 (XFN-ASIA via COMTEX) -- Starbucks Corp. shares fell in
aftermarket trading Wednesday after the coffee chain reported profit rose
year-over-year on a 23 percent rise in sales, but delivered disappointing
same-store sales figures for July.

The Seattle-based company -- whose second-quarter profit beat expectations --
also handed Wall Street guidance in line with analyst views. However, Starbucks
reported same-store sales rose 4 percent last month -- significantly below
projections for a rise of 6.4 percent.

In addition, the company said it expects to add 2,400 locations in 2007. This
will also cause capital spending to rise higher than previously anticipated, to
about $800 million.

Shares tumbled $3.13, or 9.4 percent, to $30.17 in after-hours trading on the
INET electronic exchange, after closing at $33.30 on the Nasdaq.

i may be wrong but aren't they expanding in china and india? i think china has a huge coffie following

the hot weather is what slowed sales i assume. they are assing shares to the buyback too. i wonder what tommorow brings for this stock

SBUX along with AMD were my first two plays in the stock market! I bough in December in the low 30s and then sold out near $36....

Its looking attractive again....

Maybe they will stop charging $5 bucks for a cup of coffee!!!

Not to mention that the market as a whole has definitely taken a beating and most major american companies have been in a downward trend. With wars and rumors of wars and super high gas prices this is bound to happen. Also we do have an election coming up soon enough to start affecting our economy. Good news is when our military starts coming home things should turn around really quick and will make the market a great place to be.

anyone know why its gapped down so much this morning?

I would say you should be buying, did you ever think the "institutions" would pass this up? If you lose the day trader mentality and go long term on fundamentals this is where you win.
Now you have to take on Cramer's philosophy.

i'm getting me some after the dust settles

I got couple of hundred at 29.5

Exactly what Chan said.. Institutions are grabbing all they can.. more than 2/3 rd volume is from Institutions according to thomson
http://thomson.finance.lycos.com/lyc...y=9&i=2&hdate=

How long to fill that gap is the question? Easy 10% but I think it will take a few weeks.