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July 7, 2007


Stock Du Jour (COST) & Random Observations

Kind of a positive / neutral morning with more buying kicking in in the afternoon, very similar to Thursday’s action.

Notable New Lows: UltraShort Q’s (QID) and UltraShort Oil & Gas (DUG).

Notable New Highs: Lots of interesting things to point out — Target (TGT) and CostCo (COST), Baidu (BIDU) and Ctrip (CTRP), Freeport McMoRan (FCX) and BHP Billiton (BHP) and Southern Copper (PCU), Emerging Markets (EEM) and Brazil (EWZ) and China H-Shares (FXI) and Hong Kong (EWH) and India (INP), CBOT (BOT), Apollo (APOL), Garmin (GRMN), and Deckers (DECK).

I’ll feature a monthly chart of CostCo to give some perspective on its eight+ year consolidation.

COST

This entry was posted on Saturday, July 7th, 2007 at 9:15 am (utc+8) and is filed under Trading and Investing.

2 Responses to “Stock Du Jour (COST) & Random Observations”

  1. Gary Gluon said:
    July 9th, 2007 at 9:48 am

    Mr. Chairman - I’ve been visiting your blog for a little while now, and just want to say you’ve got a great site here. Gratuitous chicks are a plus. But charts like this one are even more appreciated.
    Thanks!

  2. C. Maoxian said:
    July 9th, 2007 at 9:57 am

    Gary: Thanks for the encouragement. If I were really clever I’d superimpose a gratuitous chick pic on every chart. ;-)

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