President Barack Obama Message Board

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Politics : President Barack Obama

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To: ChinuSFO who wrote (21843)	5/17/2008 5:04:40 PM
From: Sr K	Read Replies (2) of 149317

I'm shorting it from $308. The Waltons own too much (44%) of the stock and haven't sold a share yet. The float is tight. Reminds me of VMW or even CROX. The real supply overhang has not affected the market price, yet. It is priced on you-know-what exuberance, IMO. Now, if WTI goes to $141 in Q4 2008 like GS thinks, or to $200 as others think, I'll be wrong. If they think the 15% max capital rate on gains is going to end (p=25%), or for diversification alone (p=60%), they could sell 5% (5 of the 44), and when a secondary offering is announced, the stock could move to $250. That's my expectation.

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