COST has dropped over $9 from its 52 weeks high. Based on its chart that has the history of $32 drop after earning during last 12 months, I expect it to drop $40 this time. After $40 drop, its P/E would be 25 which is still expensive compared to KR which has a P/E of 14.
Really? I would not talk about negative trend for a stock that made all time high 4 days ago. Let me remind you Hajimow told us Costco was a "safe" short @162. Lol. Generally, agreeing with Hajimow is a losing bet with 95% certainty. Zero interest to short this good stock, buy pullbacks. Strong buy @160 dollars (low proba), buy @170/180 (high proba). CM
Pull up a weekly chart, tell me where you think it's going.... doesn't take a rocket scientist to recognize multi year trend
Don't know, 200 dollars? 210 ? 220 ? No matter where it could go, no interest to short a stock in a bull market. Good for Hajimow and losers, bad for you and I. If you want to buy puts, there are tons of better ideas. CM
This was my original post 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.
It was at 150 a few months ago, in bull market.... I rode it up and sold at about 175. Stocks don't move in a straight line. After a run from 150-195, there's nothing wrong with a sell off to shake out weak hands before moving higher. I'd bet against you. Well see. Everybody is so hostile on this forum haha. Bunch of LOSERS.