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I thought I was a genius for picking Wal-Mart (WMT) before the 3/09 dip -- WMT held up well. Now the market has caught up to it, which still makes no sense to me.
Sep 09 15:56 pm
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All Comments by BigOlDave »Why I'm Shorting Costco [View article]
Investing in (COST) instead of (WMT) never made sense and still doesn't even tho it's caught up with Wal-Mart too. Just on the basis of P/E, WMT seems fairly-/under-valued and COST looks over-valued.
Good short call, Trader Mark. Unfortunately, I'm a long-only player.
Dave