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Non-Tech : Costco, slow but sure? -- Ignore unavailable to you. Want to Upgrade?

To: WalleyB who wrote (717)	9/24/1998 8:34:00 PM
From: Bill Wexler	Read Replies (2) \| Respond to of 1147

I have been pounding the table on this stock and accumulating while the market roils and people ponder global depressions and financial system collapse. I believe Costco is poised for another great growth spurt. The company is now expanding in the midwest, opening new warehouses in Michigan and at least 5 in the Chicago area. I'm very excited about the Illinois warehouses in partcular, and I know that the company will do very, very well there indeed. Not only has Costco been growing externally, but it has been growing internally as well. The warehouses have added higher margin businesses at the edges of the warehouses...pharmacy, eye exams/optical shops, snack stands, etc. The $100 "executive" membership has recently been introduced, and customers are converting at a very healthy clip. I can not say enough good things about this fine business and its superb management. I firmly believe that this company is reaching a stage where it is becoming as compelling a business story as Home Depot or Dell in the early 90s.

To: WalleyB who wrote (717)	9/24/1998 9:26:00 PM
From: VincentTH	Read Replies (2) \| Respond to of 1147

Jim, What I read from Wed and THu activities is as follows: (I only have access to real-time quotes, and the delayed tape from QUote.com) - The price was at $52, when the order to buy 2000 Jan 50 calls were placed. This means somebody with a deep pocket wants to lock in 200K shares at the price of $56 and change, until Jan 99. The stock thereafter shoot up to 53 3/4 when it close as MM scrambled to get the 200K shares to offset their inventory. After the close there are 2 50K block trades, which I guessed was a cross, i.e. somebody sold 50K shares at 53 3/8 and somebody else bought the block for 53 3/4. - At Thu open, the stock continued its momentum from Wed after hour trade, and shoot to 54 1/4. I noticed however, on the delay tape, that every time the stock price hits a new high, somebody dumped 10K-25K at the bid. That continued throughout the day, until the stock plunged to 49 and changes. - I don't know what the activities are. The fact that the stock bounced off 49 is encouraging, but I am afraid the big boys know something that we don't. I hope that this is just a fund trying to get out for the annual tax sell off. The other thing that can happen is that some manager may trade his 200K shares which they dumped today and get 2000 contracts instead. This is a move to have cash for the month of Oct (to buy on the dip) while not risking a run-away in the stock price. Just My Humble Opinion of course. I believe in the company. //V