Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.940

0.0%

9:44 AM EST

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To: JDN who wrote (6942)	3/1/2000 10:19:00 AM
From: Bill Wexler	Read Replies (1) of 10293

COST..........I'm putting in a stop-loss for the entire position at 47 a share. I agree with your assesment. unfortunately we also have to consider the fact that the current P/E discounts a lot more success. We also have to consider that Costco's razor-thin margins and future growth may come under jeopardy with a few more interest-rate increases. I thought the company could double in size from here. I still think it will. Unfortunately, I don't have the same feeling about the stock anymore unless interest rates tone down and retail gets out of a funk. The stop loss is to defend an already hefty profit. If the stock triggers it and falls much further I will buy back in when this sector turns around. If I'm wrong and the stock keeps going up...fine and dandy.

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