Wal-Mart is in the news today, after this piece hit the tape.
I originally posted on Wal-Mart back in October 2011 as a long-term investment idea.
At the time, the stock was thought to be on the cusp of becoming a creative destruction victim and trading in the low-$50′s.
Currently, Wal-Mart is still trading in the mid-$70’s. I advised caution, or at least a place not to add to long-term investments, back in June. Despite the weakness in retail of late, Wal-Mart has not exactly rolled over on the monthly chart, seen below.
That said, shorter-term timeframes are a mess. This is one of those spots where I think it is best to simply sit on your hands (and gains) as a long-term investor. It would be only if that rising channel (light blue lines on top right of chart) is violated to the downside that I would consider reducing the position significantly.
_____________________________________________
LG
The ticker?
I went long TGT today. Remember that WMT e-mail rumor not to long ago, the stock sold off then ripped the following weeks. We shall see.
Good point, Jules! Thanks