SBUX Update for 11.10.2007

STARBUCKS - SBUX

Monthly chart shows strong downtrend in place. Stock made new lows for the year. Price trading below all key moving averages. Current low of $22.67 is near prior low and small LIS at $22.29.

Weekly chart shows price finally moved out of small consolidation/corrective wave and impulsed down into its current low at $22.57. This past week saw nothing but selling.

Daily chart shows major trader sentiment change as sellers ran to the exit and gapped down the stock at the open the last three days of the week. Put options provided triple digit returns as they were bought before the herd. We are very close to the $21 downside target initially projected last week.