sell off ? which sell off? Yesterday DOW was up over 200 points. Today it is up over 100 points. Buyers will be scared with a pinch of sell off. Look at what happened to AMZN today. I am still committed short on COST.
Finally closed my long on cost today. One of my best trades yet. I wouldn't get short until 180-190 or so, but I don't short.
Ya know... I was thinking about this. Why IS Costco up so damn much. Hmmmm. Well... WMT owns Sams. Now if I were Bezos... I'd have an outlet store. 8 Billion returns that can't be sold as new. But they really are new. Not to mention all that stuff that doesn't sell as much as expected. Hmmmmm. (If I were Jeff) I might make a run at Costco. Its a beautiful fit. But I'm not Jeff. But Costco is trading at an absurd premium. Why?
Plus it gets into an ego thing. Who is the only possible competitor out there to AMZN? Wally World of course. There is no doubt. Now we've all seen the new Jeff. https://elitetrader.com/et/threads/amazon-jeff-prime.311287/ Those 'roids will create the manliest of manly men. And manly men do manly things. Like buying Costco to just to f with WMT. just sayin.....
If Bezos was that stupid to spend his money like crazy, Amazon was not Amazon as it is now. In that case Bezos should buy miserable Sears, JC Penny, .... . Then well buying Lowes would also be great and ....... If COST is going up because of these rumors, then I am happy.
They really should have an automated tracking system here. Would be easy to do. You post a symbol, bull or bear, and the realtime entry price is logged Make it easy to see how awful the predictions here are over time. Magna could offer a ETF that fades all the calls, and mint money.