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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (8486)	12/3/2007 10:17:36 AM
From: estatemakr	Read Replies (2) \| Respond to of 33421

As for Brian Bloom and his "thoughts" on Walmart and the stock possibility going to 10.............. He's now on my "Top 10 Moronic statements of '07" list!! :-)

To: nspolar who wrote (8486)	12/3/2007 3:14:16 PM
From: morokko65	Respond to of 33421

Good article on correlation of margin debt levels with indices: contraryinvestor.com

To: nspolar who wrote (8486)	12/4/2007 7:27:19 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Thanks for posting the article and the chart. The WMT chart really appears to be a bearish descending triangle with a flat line of buying support near 40 and successive lower highs. a stock price of 10 would be the measuring objective. If you look at how WMT and Sams had to really collapse margins on a number of prescription drugs to ward off the antagonism they have received in the media and marketplace is telling of the shifts in their fortunes. I happened to be getting a prescription at Sam's Pharmacy today and the woman in front of me in line was jolly woman in here early 60's, she was laughing and talking about how she just bought some stock in Sam's today.... (I assume she meant WMT). She struck me as a little too confident in talking about her stock purchase. This is very anecdotal, but it goes with my thinking that this stock has downside.