I opened $Wal-Mart(WMT)$  ,WMT: initiated a short position on Walmart at $77.10. Walmart had a 15% rise in the weeks after earnings on 15th Aug and went into overbought regions. The poor earnings of Dollar General also meant Walmart took some market shares away from them and boosting Walmarts rise. As the US economy weakens, it’s typically shop for cheaper groceries which Walmart could provide therefore temporarily boosting sales. Looking for a swing trade on profit taking.
WMT
09-05 00:38
USWal-Mart
SidePriceRealized P&L
Sell
Open
77.10-16.40%
Holding
Wal-Mart
# Trade Feed: Who is your favorite star traders?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment5

  • Top
  • Latest
  • 56CcLim
    ·09-05
    TOP
    why don't sell call spread?
    Reply
    Report
    Fold Replies
    • Terra Incognita
      I was trying to add some additional stock trades to capitalise Tiger’s Trade Feed promo. Only stock trades count for a chance for lucky draw for coins and vouchers.
      09-05
      Reply
      Report
  • Aqa
    ·09-05
    👍🏻Time to catch Tiger promo.
    Reply
    Report
  • TieTeckHoe
    ·09-06

    Great article, would you like to share it?

    Reply
    Report
  • Kashcash
    ·09-05
    Reply
    Report