The Chicken Trades: SBUX has popped nicely recently, I had a quant rule on its trading based on a 2X L/P multiplier. In other words. If the price of SBUX daily trading had gone underneath the price of two regular lattes, It would have been the caffinated buy of the downturn. I'm too lazy to look up the ticker, but here is why SBUX is too rich for my blood anymore (Instant coffee?) . The banks ended up being far more interesting over the spring. Caught my first "double-bagger" (thanks to a professor... read more
