Usually i would agree because stocks like this just keep going higher. But look how it's distributing. I see a wyckoff. Also it's very far off the 200 MA. I usually buy stocks that gap up with good volume but there has to be some fundamental reason behind it.
tslatrades
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@lollerfirst, haven't sold this costco , and ready to buy more at a little lower lvls!
lollerfirst
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@nickwhitford, you are probably right to do so.
lollerfirst
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@nickwhitford, I have changed my mind. I will add a small position today
tslatrades
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@lollerfirst, being patient. i think either tmrw or friday i'm going to add more in once again to COST.
lollerfirst
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@nickwhitford, No at last i decided i'm not longing anything during this period. I'll be offloading my remaining long positions in the next relief rally and then i'll only short stocks until the fed decides to resume buying