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  • Why I'm Shorting Costco [View article]
    I thought I was a genius for picking Wal-Mart (WMT) before the 3/09 dip -- WMT held up well. Now the market has caught up to it, which still makes no sense to me.

    Investing in (COST) instead of (WMT) never made sense and still doesn't even tho it's caught up with Wal-Mart too. Just on the basis of P/E, WMT seems fairly-/under-valued and COST looks over-valued.

    Good short call, Trader Mark. Unfortunately, I'm a long-only player.

    Dave
    Sep 09 15:56 pm |Rating: +1 0
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