Costco, slow but sure? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Costco, slow but sure?

COST 977.73

+0.6%

Feb 11 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: WalleyB who wrote (1006)	12/21/1999 8:20:00 AM
From: JDN	Read Replies (1) of 1147

Dear WalleyB: I wouldnt worry too much about the stock activity of any stock between last Friday and New Years. The institutions are mainly out of the market now as the have laid their bets, made their capital gains distributions and except for real bargains will just watch. So we are dealing with the day traders and mo mo guys and gals. With volume down due to institutional inactivity the %age of the volume caused by the above increases significantly thus leading to market volatility. On top of that the bond yield has increased and that is a negative for retail stocks. It will all reverse IMHO in January. You dont think for one minute that COSTCO management would have approved a 2:1 stock split (their very first) if they didnt feel operations would justify it, do you? Hang loose and enjoy the holidays. JDN

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next