WMT Short Looking Great Today – Down 5%+ On Weak Sales

April 9th, 2009

WMT reported weaker than expected sales today. Great thing members and I have been short it since $54.50 of last week. As you can tell by the chart below, we are sitting with pretty fat profits today and will continue to hold this all the way down! As for the markets, renewed strenght has come back into the picture as usual with more funny money news around the world. I still am going to hold my shorts until we get the correction. Today should be interesting considering we have a very long weekend when anything can happen.

 

wmt

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