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11-18-2012, 11:18 PM
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#1
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Veteran
Join Date: Oct 2009
Posts: 25,607
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is stock in Wal Mart a good buy in the next few days?
I've been reading some negative things that have been coming out about Wal Mart, something about bribes?
Anyway, im assuming that the stock price will go down this week on the heels of that negative news....but, since its an otherwise strong company, maybe this is a 'good bet' and the price will eventually 'correct' itself in the near future?
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11-18-2012, 11:19 PM
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#2
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,651
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Doesn't Walmart tend to do better in a down economy?
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11-19-2012, 09:49 AM
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#3
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dGnr8
Join Date: Aug 2003
Location: Niagara, Ontario
Posts: 3,023
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Quote:
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Originally Posted by Stillriledup
I've been reading some negative things that have been coming out about Wal Mart, something about bribes?
Anyway, im assuming that the stock price will go down this week on the heels of that negative news....but, since its an otherwise strong company, maybe this is a 'good bet' and the price will eventually 'correct' itself in the near future?
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If you've been reading about it so has everyone else and the price already reflects it.
__________________
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The great menace to progress is not ignorance but the illusion of knowledge - Daniel J. Boorstin
The takers get the honey, the givers sing the blues - Robin Trower, Too Rolling Stoned - 1974
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11-19-2012, 09:54 AM
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#4
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,918
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National news had an article the other day about a pending strike on Black Friday.
That cannot help.
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11-19-2012, 09:58 AM
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#5
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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Quote:
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Originally Posted by Dave Schwartz
National news had an article the other day about a pending strike on Black Friday.
That cannot help.
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And if a currency war develops...ouch...
__________________
got handed a lemon...make lemonade....add sugar or brown sugar or stevia or my personal favorite....miracle fruit....google it...thank me later...
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11-19-2012, 10:57 AM
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#6
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,769
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Quote:
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Originally Posted by sammy the sage
And if a currency war develops...ouch...
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there already is a currency war, don't you know that Japan is now buying up all the gold that they can put their hands on now?
they got central banks buying up the gold that have never been buyers before. fwiw, they are buying up silver as well.
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11-19-2012, 11:05 AM
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#7
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Registered User
Join Date: Jan 2007
Posts: 18,962
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Trivia Question
Trivia Question
Only 1 organization in the whole world employs more people than Wal-Mart.
Name that organization.
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11-19-2012, 11:18 AM
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#8
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Registered User
Join Date: May 2005
Posts: 2,394
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Quote:
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Originally Posted by Greyfox
Trivia Question
Only 1 organization in the whole world employs more people than Wal-Mart.
Name that organization.
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US govt?
__________________
Those with the best knowledge have the best luck !!!
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11-19-2012, 11:20 AM
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#9
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Registered User
Join Date: Jan 2007
Posts: 18,962
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Quote:
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Originally Posted by RaceBookJoe
US govt?
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Sorry. Try again.
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11-19-2012, 11:20 AM
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#10
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,769
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Quote:
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Originally Posted by Greyfox
Trivia Question
Only 1 organization in the whole world employs more people than Wal-Mart.
Name that organization.
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either the Chineese or United States governments
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11-19-2012, 11:26 AM
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#11
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Registered User
Join Date: May 2005
Posts: 2,394
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Quote:
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Originally Posted by Stillriledup
I've been reading some negative things that have been coming out about Wal Mart, something about bribes?
Anyway, im assuming that the stock price will go down this week on the heels of that negative news....but, since its an otherwise strong company, maybe this is a 'good bet' and the price will eventually 'correct' itself in the near future?
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WMT seems to have some price support in this area ( $68ish ) on the daily chart and its also right near the 200ma and it is oversold, as some positives. On the negative, it lost a bear cup pattern and the 20ma recently sliced through the 50ma. If it doesnt hold here, there is some support around $66 and then $62. I try not to anticipate too much, i like to see support hold and then show a turn up first. That way i let other people show me there is interest and then i can set my stop loss just below that last support level. hope that helps??
__________________
Those with the best knowledge have the best luck !!!
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11-19-2012, 11:26 AM
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#12
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gelding
Join Date: Oct 2008
Posts: 8,883
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Quote:
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Originally Posted by Greyfox
Only 1 organization in the whole world employs more people than Wal-Mart. Name that organization.
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http://www.bbc.co.uk/news/magazine-17429786
Last edited by FantasticDan; 11-19-2012 at 11:39 AM.
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11-19-2012, 11:28 AM
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#13
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Registered User
Join Date: Jan 2007
Posts: 18,962
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Winnah!
Quote:
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Originally Posted by lamboguy
either the Chineese or United States governments
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Close enough. 
Wal-Mart has 1.9 Million employees and is the largest Private employer in the world.
As an organization they are only second to the Chinese Army - which has 2.25 Million employees - just 325,000 more than Wal-Mart.
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11-19-2012, 11:29 AM
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#14
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Registered User
Join Date: Jan 2007
Posts: 18,962
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Quote:
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Originally Posted by FantasticDan
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I can't dispute those figs. My source said China.
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11-19-2012, 11:47 AM
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#15
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Registered User
Join Date: May 2005
Posts: 2,394
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Quote:
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Originally Posted by Greyfox
I can't dispute those figs. My source said China.
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So I win 
__________________
Those with the best knowledge have the best luck !!!
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