Pre-Market 12-6-2012 Portfolio position COST special alert

Good Morning.

Portfolio position COST will open significantly lower as it issues a special dividend, similar to what happened to RGR yesterday.  We can approach this in several ways.  I will pull the stop we have in place and watch to see if the stock can hold the gap down level, if not we will be out of that position.

http://www.marketwatch.com/story/costco-sets-7-share-special-payout-comp-sales-up-2012-11-28

 

Check back later.

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