user
Terra Incognita
05-07
I opened 1.0 share(s) $Costco(COST)$  ,

COST: add another short positions to average up the cost of short on COST. 

Great company yet at the time of very high premium paid to own this stock. 

Seemed overvalued and didn't factor much of tariffs pressure on imported consumer goods that either raise price to consumers therefore lower demands or absorb price increases therefore lower profit margins.

Full impact of the tariffs to neighbouring countries Mexico and Canada as well as rest of the world is still not fully understood. 

Betting on bearish mood for a very high valuation company. Trade might take some time to pan out as long as bulls add onto COST as consumer staple counters. 

Trade Feed: Who is your favorite star traders?
Come to the Trade Feed Topic to find more trading opportunities! Also, please feel free to recommend and introduce fellow Tigers to the "hidden gem traders" that you've discovered!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
5
72