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Costco Wholesale Corporation Message Board

energyczar2000 2 posts  |  Last Activity: Dec 16, 2014 11:46 AM Member since: Sep 20, 2000
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  • Reply to

    Up 22% and climbing today...

    by tpmckeeart Dec 16, 2014 10:58 AM
    energyczar2000 energyczar2000 Dec 16, 2014 11:46 AM Flag

    I bought this stock about a year ago. It a good lesson in buying a stock that does not trade very much. The swings in price do not mean very much except to someone wanting to buy a large quantity. You never want to put in a market order on this one. It trades in 100 share increments and just sits there for most of an hour at times. So today the uptick is just someone wanting to increase his or her shares by way more than is currently traded. Just my own observations. I hope I am wrong though and that there is some kind of family bidding war that jacks up the price another few dollars.

  • Reply to

    Up 22% and climbing today...

    by tpmckeeart Dec 16, 2014 10:58 AM
    energyczar2000 energyczar2000 Dec 16, 2014 11:38 AM Flag

    I would say someone, for whatever reason, wanted about 50000 shares. The bid and ask size are sitting at 100 shares. Try selling at the current ask price and I bet you won't get any takers. I think you will see this drop back to the 14 or 15 levels soon. There just is not enough activity. I may be wrong, but there is a poison pill at SCX also so it would be very difficult for this to be a buy out. I like these guys, but I wouldn't read anything more than that.

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