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Monday, September 11, 2006

Wallmart (WMT)

Quick scalp: Short WMT @46.67, Target = 45.50, Stop = $47

Edit:
Stopped out @ 47. There was a slight positive before the Mayor of Chicago f*ed it all up by vetoing the minimum wage law towards WMT. Trying to post an intraday chart but not having much luck. I'd restablish a short position depending on how this closes.

Will get back in should WMT hit 47.75

Back in to WMT with Oct. 45 puts.

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