WMT - Looking for long, but the 50MA seems to be capping it for
now ... a bit like COST ... so if this fail to break it and
reverse from it, this could turn out to be a good short
...
Posted by DigiNomad on 2nd of May 2024 at 04:15 pm
I sold calls on it in one account because of massive unrealized
gains. I shorted it in other accounts because of 31 PE and
mediocre growth to support a multiple like that (and also because
the STS got hit yesterday and this seemed like maybe just a death
wiggle today).
WMT - Looking for long,
WMT
Posted by mla127 on 2nd of May 2024 at 04:08 pm
WMT - Looking for long, but the 50MA seems to be capping it for now ... a bit like COST ... so if this fail to break it and reverse from it, this could turn out to be a good short ...
I sold calls on it
Posted by DigiNomad on 2nd of May 2024 at 04:15 pm
I sold calls on it in one account because of massive unrealized gains. I shorted it in other accounts because of 31 PE and mediocre growth to support a multiple like that (and also because the STS got hit yesterday and this seemed like maybe just a death wiggle today).
It's priced like a mega cap tech stock!
yep KISS system closed out
Posted by matt on 2nd of May 2024 at 04:29 pm
yep KISS system closed out WMT yesterday, and maybe this is a big wave 4 and it makes another high, but it did lock in a trade/gain