Daniel.B
Short

Added more to my short WMT

NYSE:WMT   WAL-MART STORES INC
138 4 4
Well you can pretty much find out the story behind the short. Technically the short is supported by the rejection on the descending trend-line. Fundamentally, the short is also supported, so I'm comfortable adding into this short position. Sell side volume has also been quite healthy with little buyers being seen at these levels. Also, Barron's concurs that this is not a "value" buy for investors looking to buy into beaten down stocks that may potentially offer large upside.

Cheers, and good luck to any in this short! =)
nice
+1 Reply
Daniel.B B120626
Thanks, turned out to be a good one. =)
Reply
Good solid analysis. Great pick up for me. :-)
+1 Reply
Daniel.B robertrobert2
Thank you! Glad you liked the analysis =D
Reply
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