When it falls, it falls hard. When it turns bullish, it will continue go up and I think it will go up to 80s after earning next quarter. It beats by 10 cents this quarter, but management only raises from 98 cents to 1.01. Smart money knows it can easily beat by 10 cents each quarter this year. 0.40 x $ 15 PE = 6 + 63(price before earning) = $69 is bottom support now. Feb-April is WMT weakest quarter. Next 3 quarters will be much better in sales and profits. It can easily beats 1.01 this quarter. Good luck to short and long. I'm long on WMT for next 3 quarters.
Such a relief seeing my account pops up 19k today and wmt position is positive. It was depressing for the last several trading sections because it was down a lot but I held tight to my shares and keep averaging down. Knowing my long gain is someone short position lost and not fun to lose money, I hope you should carefully consider your short positions. I don't think it's a right decision at this moment. WMT has nice dividends. Low expectations plus better than expected store performance leading to a 9% pop for a dow component stock. Good luck to long. See wmt in the 70 soon. I would start a short position with target, better chance than wmt.
I have been shorting wmt and was lucky to make small profit from closing all my short trades. WMT has been recovering nicely and I was on the side line. Too strong recovery in fact that I switched position and go long last Fri at 66.95 and bought more today at 67.85. I have gut feeling that wmt will soon trade in the 70s. My reason is its low PE and bargain comparing to other retails such as Costco. Will buy more if it hits 69 and this confirms my bullish sign. Good luck.