Friday, July 13, 2012

Market Update #2 7-13-12

I took profits on Walmart today because it hit 52-week highs twice today and I don’t believe in overstaying my welcome.  It dropped off right after I pulled out so my timing was perfect.  DNKN is pressing new highs today and is almost back from the big sell off last week.  The speculative trade this week CTDT is actually up even more and had a big spike up to .41.  I got in at .31 earlier in the week and I’m waiting for it to pop even higher.  I didn’t risk too much on this trade, I just wanted to see what it would do because of a lot of rumors surrounding it.  As they say buy the rumor, sell the news. 

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