Starbucks is in deep trouble

Fundamentals on Starbucks belies the price action today. The company indicated that profits in the most recent quarter have fallen precipitously. Sales are even more horendous abroad, especially stores in China. The CEO has a lot of work ahead of him. Technical indicators do demonstrate a strong bullish buy signal, which made calls quite profitable today and potentially into tomorrow, though this is likely fleeting. Time will tell if the price action will soon follow the fundamentals. Personally, I am wary.