Comments on: COST Swing Trade Idea https://rightsideofthechart.com/cost-swing-trade-idea/ Stock Trading, Investing & Market Analysis Sat, 11 Apr 2020 17:02:14 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: ds2000 https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15606 Sat, 11 Apr 2020 17:02:14 +0000 https://rightsideofthechart.com/?p=199216#comment-15606 In reply to wunnakoko.

Thanks for posting. Sure makes sense. Very consistent with the analysis in @rsotc posts. I mean, are YOU buying a new 70″ flat screen right now? Or, as Randy likes to say, a vacation package to Fiji? No one is. Even if they haven’t lost their job, there’s now job insecurity. And wage insecurity. Everyone is getting ready for an uncertain term of thriftiness.

]]> By: wunnakoko https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15601 Sat, 11 Apr 2020 01:24:28 +0000 https://rightsideofthechart.com/?p=199216#comment-15601 https://seekingalpha.com/news/3559770-costco-short-term-phenomenon-starts-to-cool-off

]]> By: bernard https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15573 Fri, 10 Apr 2020 00:17:04 +0000 https://rightsideofthechart.com/?p=199216#comment-15573 In reply to becky.

Trump wants to reopen the country for business. This may foil the $COST short trade.
https://abcnews.go.com/Business/wireStory/trump-weighs-economic-impact-shutdown-backlash-grows-69759021

]]> By: bernard https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15572 Fri, 10 Apr 2020 00:14:11 +0000 https://rightsideofthechart.com/?p=199216#comment-15572 President Trump said he would reopen the country for business in May. This may foil any further downside for $COST

]]> By: FooHawk https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15460 Thu, 09 Apr 2020 11:14:10 +0000 https://rightsideofthechart.com/?p=199216#comment-15460 Randy….your theory looks to be playing out. I agreed with it. I am sure April numbers will be even more disappointing.

Costco Wholesale — Shares of the big-box retailer tumbled 4% in extended trading after the company released sales results for March. Same-store sales were up with the rush of people buying essentials amid the coronavirus outbreak, but it didn’t boost sales as much as analysts expected as Costco saw losses in other areas like jewelry and apparel. Costco reported net sales of $15.49 billion for the retail month of March, an increase of 11.7 percent from $13.87 billion last year.

]]> By: becky https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15445 Wed, 08 Apr 2020 20:43:17 +0000 https://rightsideofthechart.com/?p=199216#comment-15445 COST slid in AH after the March sales announcement. Certainly helps to shape up the downward pressure on deteriorating long term technicals.

]]> By: ds2000 https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15281 Tue, 07 Apr 2020 00:02:27 +0000 https://rightsideofthechart.com/?p=199216#comment-15281 Just one more data point to fold into your decision making:
https://www.yahoo.com/lifestyle/costco-target-stores-start-selling-215503794.html

]]> By: ginothetrader https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15261 Mon, 06 Apr 2020 18:34:57 +0000 https://rightsideofthechart.com/?p=199216#comment-15261 Agreed your logic entirely. However, you might ignore a very important factor. With all the money pumped into the market by the fed, COST stock price might still go up even with the impacts on its revenues. Basically the same reason why we had the ten-year “stock buyback” bull market. It might continue doing so until the final debt bubble burst, and that’s when we all going to hell or bitcoin.

]]> By: ds2000 https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15259 Mon, 06 Apr 2020 18:30:58 +0000 https://rightsideofthechart.com/?p=199216#comment-15259 In reply to ds2000.

Fwiw, I like this trade, both for the technicals and the fundamentals. While I’m not so sure that ppl will decline to renew their membership as cost savings is going to be a big story for the next year, I am firmly in agreement that ppl will not seek out big ticket, high-margin items. With COST still near it’s ATH, it’s difficult to see justification for that p/e ratio in that climate.

]]> By: ds2000 https://rightsideofthechart.com/cost-swing-trade-idea/#comment-15256 Mon, 06 Apr 2020 17:58:04 +0000 https://rightsideofthechart.com/?p=199216#comment-15256 @rsotc I like your gumption, Randy. COST is staring back at us saying, “You come at the king, you best not miss.”

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