Replies to post #442025 on Zeev's Turnips Patch-No Politics (ZEEV)

[cash2go]

nowlurking - got out of my SBUX short last week

Felt like this bull market was going to squeeze stocks with a hight short position.

Why SBUX:
* SBUX holders have big gains and I expect they are trying not to book them until 2006.
* There has been a lot of turnover above $30 and those wanting out could easily have booked profits.

Would still do a daily short on gaps (cult following & big short position) and will be more interested in it as a short in late December.

Good luck with the position. I've had some good short plays with SBUX but rarely hold it more than 2-3 days.

[Zeev Hed]

Yes, that corollary exists...short SBUX myself and may have to look for an exit due to that print above $32.13.