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Costco - Buy, Buy, Buy

11 October 2008
Author: Harvey Posted under Investing, Stock Picks

I always wanted to do a Jim Cramer thing and say “Buy, Buy, Buy”. So last Thursday COST - Costco Wholesale Corp. reported earnings of .97/.91, its RSI is below 20 on the 1 year chart and it just plain looks ready to rip higher. Friday it closed at $53.90, down $0.50 (-0.92%). The days low was $51.00, which I think would have been a steal. This stock is “Value” play in that its “pes” value is at 59. A new low since I started tracking back in 1999. Still, I’d wait till it (RSI) turns up. And who knows what will happen on Monday. -Harvey


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