CSTR Coinstar: Downward bet

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	Mike Barkett
	Washington, DC User since Nov 2007	56
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Downward bet

Quick bet on CSTR puts going into earnings. From the looks of it, this is a huge battle between longs and shorts that has heated up quite a bit in the last week. PSBCC pegger pattern has been down more than now, but I freely admit this is a coinflip. If they don't have an impressive partnership for streaming that makes sense, then there will be a sell-off. If they do, then it could be headed for great things. Coinflip time...

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What People Are Saying...

Josh Warner-Burke said at 10/28/10 4:11 PM Price action was $46.20 0.60 (+1.3%)

Well we sort of have our own Bull vs Bear here, as I am long CSTR and own calls. Preliminary results are in and it looks like the bull wins, with the stock up 11% afterhours. There is still the conference call, where they need to address the streaming issue.

Mike Barkett said at 10/28/10 4:11 PM Price action was $46.20 0.60 (+1.3%)

congrats, CSTR longs. we'll see what the rest of november brings...

Mike Barkett said at 11/2/10 6:35 PM Price action was $59.31 1.45 (+2.5%)

today was screw mike today on wall st.

Mike Barkett said at 2/4/11 9:51 AM Price action was $40.09 -4.15 (-9.4%)

well, it hit my target, just 2 months later, and after doing exactly the opposite of what I predicted first. However, I think my long term sentiment on CSTR (it's a pretender) will eventually be right.