On August 31st, I posted an article entitled; "Wal-Mart: Sorry Merrill, you're wrong again!"
If you click on the Wal-Mart story above, I gave my reasons why I thought the stock would do well.
At the time of the "expert sell" recommendation given by Merrill Lynch, the stock was trading around $43-$44.
Today, the stock is up 3.66% to $47.26.
When I was working as a broker with three large brokerage firms, I found the "secret key" behind all buy and sell recommendations. The "secret key" was written in special hieroglyphic code that took a few years to decipher.
Here it is;
Recommendation/Meaning
Buy=Sell
Hold/ Accumulate= Until I can get all of my friends and clients out.
Sell=Buy
