Silicon Investor (SI) -- The First Internet Community

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? -- Ignore unavailable to you. Want to Upgrade?

To: Mel Fox who wrote (683)	8/31/1998 6:44:00 PM
From: WalleyB	Read Replies (2) \| Respond to of 1147

The thing that boggles me is that the new so called target price is supposed to be $83 so we aught to be at least holding steady at 55!! The fundamentals are the same aren't they? I mean most of the stuff Costco sells that's not food is from the pacific rim not Russia so what gives? Where does this end. News blurbs said the correction could extend to a full 25% and they were sounding confident of that. So if you margin a buy, how long do you suppose it will be before COST bounces back. Will it creep slowly over the next two months or retrace in a week or so? And how does that effect you when you buy on margin? I wondered what that fellow was thinking about his candy store too!