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Originally Posted by Stocktrading101
Great look there! This stock has absolutely taken off, running from $2 to $6+! Did earnings come out or what was the deal?
SBUX is another great pick in this group, setting up really nicely and should be a buy at $14.10.
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Many of these coffee stocks have been doing well since March. The party really got going when DDRX announced earnings for Q3.
IRVINE, Calif., April 20 /PRNewswire-FirstCall/ -- Diedrich Coffee, Inc. (Nasdaq: DDRX - News) today announced operating results for its third quarter ended March 4, 2009. For the quarter, the Company reported net income of $1,358,000 or $0.25 per share, compared to a net loss of $2,153,000, or $0.39 loss per share, for the third quarter of the prior fiscal year.
Source:
Diedrich Coffee Reports Third Quarter Earnings - Yahoo! Finance
SBUX followed suit just over a week later,
LOS ANGELES (Reuters) - Starbucks Corp (NasdaqGS:SBUX - News) posted quarterly profit that just topped expectations on cost cuts and is planning a multimillion dollar advertising campaign challenging the view that its coffee is an expensive luxury.
Source:
Starbucks profit tops view, focus on value - Yahoo! Finance
And it has been off to the races since.
Happy Trading