COST is a safe short at 162

Discussion in 'Stocks' started by hajimow, Nov 1, 2017.

  1. Chris Mac

    Chris Mac

    As you know, new all-time highs yesterday.
    As I said, zero interest to short this good stock.
    But is it a BUY now ? Of course not, buy pullback @160/170.
    Trading is simple if you don't fight the trend.

    #141     Jan 26, 2018
    Muffhands likes this.
  2. Waited to buy pullback

    #142     Jan 26, 2018
    Chris Mac and vanzandt like this.
  3. Tell me more how about simple trading is lmao. Buying pullbacks to 160/170 would have netted you a loss. Trading is simple, if you don't fight the trend ;)
    #143     Feb 9, 2018
  4. Lololol.
    #144     Feb 9, 2018
  5. Chris Mac

    Chris Mac

    Well, I said first that was uptrend and we could go to 200 with new highs => Correct.
    Then, I said i would buy retracement @160/170. Since then, stock felt sharply to 176 dollars
    I am not long until 170. Buying opportunity @160/170. Correct again.
    So, what is your point ? I don't get it.
    At least, try to find an example where I am really wrong ! Bad example here.
    By the way, I don't care being right or wrong!

    #145     Feb 9, 2018
  6. The point is the weekly trend is clearly defined.... sell resistance and buy support. Did you look at the chart I've been posting? It doesn't take a Chris mac to read it. Buy 170 I dare you haha. You are a dingus.
    #146     Feb 9, 2018
  7. vanzandt


    #147     Feb 9, 2018
    niko79542 and Muffhands like this.
  8. Costco continues to make prudent use of its cash flow through share repurchases and dividend payments. During the second quarter of fiscal 2018, the company bought back shares worth of $59 million. The company had repurchased shares worth of $473 million in fiscal 2017, $477 million in fiscal 2016, $493 million in fiscal 2015 and $333 million in fiscal 2014.
    #148     Apr 9, 2018
  9. Costco is going down down down, along with apple and then entire market with it. Watch and learn.
    #149     Apr 16, 2018