Friday, August 17, 2012

Market Update 8-17-12

Sorry I’ve been away from my blog for a couple of days trying to get some other work accomplished.  We can a fantastic rally yesterday and there is a lot of strength in the market going into today.  Unfortunately I guessed wrong on my Walmart trade but that’s just how things go.  I normally don’t like to trade off of earnings because earnings are so subjective.  I just thought that Walmart would have better numbers going into back to school.  Oh well, I’ll hold my options and see if it rallies up next week.

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