COST is a safe short at 162

Muffhands said:
Trend still looking negative.... looks like ur always late to the party. Buy Costco after it has gone up for weeks and weeks haha. You bought my shares lmao. Have fun.
More...
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.

CM
 
Waited to buy pullback

skeleton-chair-background.jpg
 
Chris Mac said:
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.

CM
More...
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 ;)
 

Attachments

  • IMG_9728.PNG
    IMG_9728.PNG
    533.1 KB · Views: 18
Muffhands said:
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 ;)
More...
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!

CM
 
Chris Mac said:
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!

CM
More...
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.
 
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.
 
You must log in or register to reply here.
Back
Top