The “magic carpet” mentality is jumping on the carpet (stock) at a low price and riding the carpet (stock) up to a high price. As it rises, advocates of this approach jump off the winner, take the gain and move to another magic carpet at a very low price hoping to catch the next updraft.
Costco is scooping up customers like nobody’s business! While other big retailers are squeezing every last dime out of their customers’ wallets to cover their increased sourcing costs, Costco is standing out and not raising prices, in general.
