It is at 162.30 now up $1.22(Wednesday 11/1/2017). It can easily drop $3 in a few days. Do your own research and then trade what you believe. You might lose in any trade. Adjust your trade size wisely.
Do you remember that I said be patient? When I short, I know I am winner. Now I tell COST, go up, up, up up as much as you want 164, 167, 170 be my guest. Very soon you will come to mama Do not expect too much from COST when its P/E is over 27 and the only thing that it does is selling packs of 100 canned food or pack of 200 toilet paper rolls. $157.5 is the right price.
By the way, I am not talking about COST specifically. I have a general point. If you think that you can constantly short or buy a stock and expect the stock to crash or zoom higher, you are just dreaming and in the wrong business.
That way of thinking exactly differentiate traders like you from me. I have sold weekly PUT 157.5 double my short position. You will never figure out how I make money. Not that simple. Needs decades of experience.
Today is B&M day. WMT is up as it is powerfully fighting against AMZN and COST is also up in sympathy.
Warning to ET traders. This is the kind of nonsense that will cost you money. To beat the rush , I put him on ignore