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

To: Bill Wexler who wrote (744)	10/7/1998 5:01:00 PM
From: Paul K	Read Replies (1) \| Respond to of 1147

Well, on Monday COST did a classic double bottom and the players with big piggy banks started buying back so I decided to join them. On Monday I saw the following trades go through: 11- 25k 1- 50k 1- 75k On Tuesday: 5- 25k 2- 50k What probably also fueled the buying was Wal-Mart's stronger than expected earnings: biz.yahoo.com And they were still buying-in today: 6~ 25k 4- 50k (I didn't bother tallying all the trades below 20k) These guys fuel the trends... I gather they think COST will have a good financial report on Thursday. and I suspect brokerages are buying-in before they upgrade the stock. This action occured with SBUX beginning sept 21st. 7- 50k trades went through at about $29 Then 2- 100k the next day, etc. It went up 12 points after that. We shall see.