Costco Wholesale Corporation (NASDAQ: COST). April. Long. +6.97% On Invested Capital.
Summary
- Investors are very fond of the result.
- I propose to calculate the potential profit for April.
- The forecast were printed on April 04, 2021.
April 07
Long
Volume position 1000 shares.
Position opening: $ 358.00.
$ 358.00 x 1000 shares = $ 358,000. This is the invested capital.
Stop Loss: $ 356.80
April 13
On my strategy at the price of $ 367.00, 50% of the position was closed.
$ 358.00 x 1000 shares = $ 358,000
$ 367.00 x 1000 shares = $ 367,000
$ 367,000 - $ 358,000 = $ 9,000. This is 2.51% on invested capital.
We continue to hold the position.
$ 358.00 x 500 shares = $ 179,000
April 29
Closing position April 07
$ 358.00 x 500 shares = $ 179,000
$ 374.00 x 500 shares = $ 187,000
$ 187,000 - $ 179,000 = $ 8,000. This is 4.46% on invested capital.
Profit for April.
$ 9,000 + $ 8,000 = $ 17,000
2.51% + 4.46% = 6.97%
By the way. The position volume could be increased 16 times. This is for this ticker.
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