בס״ד

A 2340% Return from PAYX! – While A Costco Waterfall Looms (COST, PAYX)

Posted on September 23, 2021

A very happy Chol HaMoed to all you good Jews and Noahides.  May you experience only peace in the sanctified space of your sukkah.

Before we discuss today’s trade, just a quick report on our PAYX trade profit.

Last Friday, with options expiring, we recommended the following –

The trend on PAYX is lower and we expect further losses through today’s close.

Leave her be, and with G-d’s help we’ll expand the current $0.58 gain into something more meaningful.

So let it be written…

So let it be done!

Imagine our gymnastic-like joy when, at the close, PAYX traded lower to $108.78 – offering us a gross profit of $1.22!

Less the $0.05 we spent on the trade, our NET take was an extraordinary 2340% – in just 60 days!

And that’s worth all the bean dip you desire.

Congrats to all who entered a train-load of units.

We’re proposing a bet on Costco Wholesale Corp. today (NYSE:COST), big-box commoditizer of all things retail.

Here’s the company’s fundamentals –

  • P/E is a ridiculous 42.53,
  • Dividend Yield a perfunctory 0.70%, and
  • Price to Book a maniacal 12.16!

Technically, too, the stock looks priced to SELL.

Here’s the daily chart –

This is Zman Simchateinu, Yidden.  Enjoy!

And many happy returns!

Matt McAbby

 

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