NASDAQ, AMEX, NYSE Stocks Discuss Wmt in the Stock Market Forum forums; Lol, well since Walmart decided to join in the chaos and take it's turn at dragging down the market and everything with it, I thought I'd post a ...

lovemoney · #1 08-14-2007, 05:45 PM

Lol, well since Walmart decided to join in the chaos and take it's turn at dragging down the market and everything with it, I thought I'd post a thread for it. :D

http://stockcharts.com/h-sc/ui?s=wmt...d=p00172784905

NEW YORK (Reuters) - U.S. stocks skidded on Tuesday on fresh signs that global credit markets were seizing up, while a lower profit forecast from Wal-Mart Stores Inc. (NYSE:WMT - News) renewed worries about consumer spending.

Wal-Mart's pessimistic outlook and subsequent news that a U.S. investment firm wants to halt redemptions delivered a one-two punch to already shaky confidence.

WAL-MART WOES

Wal-Mart blamed pressure from the housing market for its disappointing earnings report and the reduction in its full-year earnings forecast, sending its shares down 5.1 percent to $43.82, leading decliners in the S&P.

**BadThad** · #2 08-14-2007, 09:55 PM

I used to own it, then it just sat there and sat there doing nothing.....for over a year. Great company, stock is sucky.

**Grizzums** · #3 08-14-2007, 10:18 PM

The nice thing about WMT bringing down the retailers is it opens up a decent oppty to get TGT at a nice price....watch for a dip below the 200 and then perhaps snatch a few up at around $59 for a starting position...

Good Luck.

**Grizzums** · #4 09-02-2007, 01:55 PM

Quote:

Originally Posted by Grizzums

The nice thing about WMT bringing down the retailers is it opens up a decent oppty to get TGT at a nice price....watch for a dip below the 200 and then perhaps snatch a few up at around $59 for a starting position...

Good Luck.

This is sure working well...retailers have been an area that I have stayed away from, but I have liked TGT and got in below that 200....

http://stockcharts.com/h-sc/ui?s=TGT...d=p52380254797

Good Luck.

lovemoney · #5 09-02-2007, 02:28 PM

Good call on that one Griz!

**BadThad** · #6 09-02-2007, 08:27 PM

Yea, below the 200MA would have been an excellent buy point for TGT.

**Grizzums** · #7 04-13-2008, 12:46 AM

Walmart been defying the DOW. Do a comparison between WMT and the DJI and watch where some smart money has gone. Not a great sector although WMT kind of falls between discretionary and staples....nevertheless, WMT has outperformed the DOW, and both discretion and staple spiders....going into a recession (already there), WMT customer base should expand...