May 17, 2012

MEXICAN BRIBERY GAVE ME A CHANCE TO MAKE MONEY IN WAL-MART

This morning Wal-Mart (WMT) reported blowout earnings.  As of this writing, Wal-Mart stock is up $3.20, or 5.4%, even though the overall market is down.

Here is why I recently bought Wal-Mart and recommended it as a buy to my subscribers on the news of bribery scandal in Mexico.

Investment Merits

I focus on making money by identifying change early.  I had concluded that a change was happening at Wal-Mart but not fully recognized.  However I could not pull the trigger to buy Wal-Mart because the price at which it was trading posed more risk than my system allowed.

The news of scandal, flood of downgrades by analysts, and overblown fears depressed the price and offered me an opportunity to buy the stock.… Please click here or the title below to read more.

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HOW THE MOMO CROWD HURT GOLD BUGS

The recent plunge in gold and silver has hurt gold bugs. The bugs have always contended that central banks and governments manipulate prices of gold and silver to support fiat currencies. It never occurred to most gold bugs that they would be hurt by the gold momo crowd.

I have to admit that my respect for gold bugs is relatively newly found. Like most people, I knew about gold bugs, but never had much interaction with them until a number of accurate calls on gold and silver started bringing a deluge of emails, mostly negative.

The hate mail started in earnest when I recommended selling all silver holdings as silver approached $50.… Please click here or the title below to read more.

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WAL-MART (WMT) REPORTS BLOWOUT EARNINGS

This post was just published on ZYX Buy Change Alert

Wal-Mart (WMT) reports $1.09 vs consensus of $1.04; reports revenues of $112.3 billion vs consensus of $110.54 billion.  WMT sees Q2 EPS $1.13 – $1.18 vs consensus of $1.16.  Commentary in the earnings release is positive.  In the pre-market, the stock is trading up $2 to $61.19.

What To Do Now?

Those in the position may continue to hold.

Those not in the position may wait for a signal on the Real Time Feed to initiate a position.… Please click here or the title below to read more.

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