COSTCO earning tonight, just noticed it's in a HUGE pennant. Could potentially be a big movement, though the formation isn't complete so maybe it just hits the upper line?
One thing I like about COST is that they have employees checking he entrance and exit, no shrinkage (theft) problems for them.
No position, but I'd be inclined to go long not short. Good luck to the longs. Only issue with the stock is that PE is 35, which is high for a retailer. Growth is gonna slow down which might cause it to break downward out of the pennant eventually, but I don't think it happens tomorrow
One thing I like about COST is that they have employees checking he entrance and exit, no shrinkage (theft) problems for them.
No position, but I'd be inclined to go long not short. Good luck to the longs. Only issue with the stock is that PE is 35, which is high for a retailer. Growth is gonna slow down which might cause it to break downward out of the pennant eventually, but I don't think it happens tomorrow
Comment:
Guess I was right, but not enough movement to make money off of options