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22 pts

Opinion on  WalMart Stores Inc (WMT)     Sector: Services  >  Industry: Retail (Department & Discount)
Bullish on WMT ...

Nov 07, 2008 02:36 PM GMT
Return Risk
+5.59% MID
Associate

CALL ME CRAZY GOING TO GO WITH A SHORT TERM LONG ON THE STOCK


Update 11/07:
WMT

I AM GOING WITH ASHORT TERM LONG CALL. STOCK BOUNCE OFF 21 DAY MOVING AVG. PRICE GAP IN CHART AT 59.65 THIS WASNT A REAL BREAK AWAY GAP TO THE DOWNSIDE. SO I THINK THEY WILL TRY AND TAKE THE PRICE BACK TO FILL GAP THIS IS THE ONLY DOW STOCK THAT IS STILL DOING WELL. SO MY BELIEF IS THEY USE WMT TO HELP MOVE THE DOW AND KEEP IT UP. PLUS YOU HAVE A DIVIDEND PAYMENT COMMING AND EARNINGS COMMING OUT. IF YOUR SHORT THE STOCK THAT MEANS SHORTS WILL BE LIABLE TO PAY OUT THE DIVI. PLUS I HAVE NO IDEA HOW EARNINGS ARE GOING TO COME OUT. IF THEY ARE AT ALL POSTV. THEY CAN USE THE 59.65 PRICE AS A PLACE TO RUN THE STOCK TO. THESE ARE ONLY MY HUMBLE OPPIONS YOU MUST USE YOUR OWN JUDGMENTS ON MAKING YOUR PLAYS


Update 11/10:
WMT

temporairly closed the trade had small gain. Stock trading with uncertainty. Tomarrow they are spose to say something about their numbers. Maybe give some kind of guidence so I here. Not really sure what is going on. A couple of days ago they said samestore sales were 2.4%. That was higher than anticipated. If whatever they say tomarrow is any good, then I would expect my previous call me crazy target of 59.65 to be hit maybe. No ones perfect and everyone must make the trades that are good for them. These are only my opinions. I wish great success for all of us. It is definately hard to make money these days


Update 11/16:

Will make a new pick soon just waiting for a little clairity at the moment.


WMT:  This call was made on 11/07/08 @ $53.49
Rating:   Positive   $53.49 (11/07/08)
Closed:   11/10/2008 @ $54.96 (+2.75% in 3 days)
Target:   $59.65 (+11.52%)


Comments (1)

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Locationh   61%     1 point   commented 392 days ago reply

WMT is a Cramer favorite. In the lst twenty days she hit a low of 48.73 on 10/16/08. I can see no hole to fill, up or down, on her chart. If you have the money buy it. If you have the shares then sell the January CC contracts between $65 & 80 IMO.

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trucknd   79%     1 point   commented 392 days ago reply

Locationh Hi,
When the time period stretches out it gets harder to see on charts unless you have a good chart and even then it is still hard to find. I am not a fan of kramer and i could share some thoughts as to why. What you coul do to verify what i am saying is true. Go to yhoo finance go historical prices look at close price for wmt on Oct.03,2008 Close price is 59.73 Next trading day is Oct.06,2008 the high for that day was 59.55 so it left a .21 cent price gap. Are you trading wmt? If you are plz. call me 832-628-1900 my cell phone. I have at&t so if you have at&t cell it would be a free call for both of us. If not call me today Sat. or tomarrow Sun. Would love to talk.


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