I'v been 3 for 3 with my Walmart calls/price predictions and gotten a pretty penny with my Walmart calls in the past few months. And I understand the movements of this stock like 2nd nature. My guess is that Walmart crushes earnings again for the 2nd time and makes the stock move up to $105 or its ATH again of $109. regardless this stock isn't going down just YET! That being said it can all change come November if the trade talks with China fail. Don't forget the letter sent out by Walmart's Corporate guys saying that there will be repercussions if tariffs are thrown at China again causing a potential WMT sell off to happen. Short term I'm very bullish and WMT calls aren't fully priced in yet for earnings either so I still see a lot more growth in the stock price for WMT. But introducing more tariffs December(If trade talks fail November) will probably make this stock start to drop fast. If Trade talks fail this November I'm selling all my WMT stock. I guess I'm all in with WMT for now. But if the trade talks doesn't happen I'm getting rid of my positions of WMT ASAP.
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WMT temporary pull back for now to prepare it for the jump to $105 and then towards the $109 price target.
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THESE $105 11/16 CALLS DOING GODS WORK! LETS GO!
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Hey guys brief update here. So we are pretty much close to the 105 target price. We should see it by Friday. My only concern is how fast the stock is climbing within the couple of weeks. I'll probably sell off half my calls before earnings to avoid a potential crash and burn scenario if the stock gets over-hyped pre-earnings. We might also see new highs from the $109.50 peak from earlier this year. Don't like to brag but I'm pretty much 4 for 4 with WMT price predictions =p
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$105 price target came on Friday as expected. This is it ladies and gentlemen, next week will be judgement day with earnings on Thursday. I've sold all my $105 11/16 calls and made too much profit. Its double or nothing now. I'm all in again but this time with $109 & $110 calls. I've been for 4 for 4 with my price predictions with Walmart and striving for this last call and hopefully making it a 5 for 5 for the end of 2018. Walmart you been good to me helped me pay all my student debt but I love the risk. Its double or nothing now, I wont update until after earnings. -Chris
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... There's a reason why the saying is "double or nothing". Lost it all. I've talked to a lot of investors about this and was almost sure that WMT would go in the right direction after earnings. It had everything lined up for it, But I guess the stock was too overvalued before earnings which made the $109 price not come into fruition. Wish I got my 5 out of 5 on my WMT calls but I'm not perfect and lost it all in the process. A fellow investor told me to keep you can't win huge if you sell out too early. with that being said FINAL UPDATE: WMT in bear territory and looks like it'll hit low 90s before the holidays. That's it for WMT I'm moving on to MU and AMD folks. Happy Holidays :)