SBUX Stock Chart

I recently posted on the bulltrader a few stocks that I thought were bottoming. SBUX was one of them. At the time, the stock was around $32/share. I was obviously premature on the bottoming call. The stock is simply getting crushed. It recently brokedown below some support and the volume on back-to-back days was huge. Many brokerage houses including Smith Barney says the stock is cheap here, but I would wait for the big volume reversal day before dipping in.