Costco (COST) plunged this morning. I am not positive on the news but I think from conversations in the media the drop in some major retailers this morning is due to the weight loss drugs being discussed yesterday and again this morning and their potential impact on consumer spending.
I had just entered a trade yesterday. This second trade today, adds further profits but accepts some risk.
The trade alert in Costco Stock, provides the details and further comments.
The rest of this trade alert and ideas article is for FullyInformed Members.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
