Toni Hansen's Online Trading Blog

Tuesday, August 28, 2007

babies come from Walmart....

hey gang.... going to be an aunt again and it's another girl! looks like my brother will continue to be outnumbered...

brandon (my 5-yr old) asked if this meant they didn't want amanda (my neice) any more and if we could buy her. i said no, that i didn't think she was for sale. brandon asked my brother where babies come from and he told him "the store"... so of course brandon wanted to know which store... my brother replied "walmart"... well...

next question of course was "mom, can we go to walmart and buy a baby brother for a hundred dollars?" (not sure where the price came from but it's the biggest number he knows so i guess he figured baby brothers were not cheap....)

i told him that i wasn't sure they had any available at this time and that they probably had to restock them since i didn't see them the last time i was there. he then asked where the store got them. i told him to ask grandpa....

so he called my dad who told him "china... everything at walmart comes from china"... then followed a long conversation on how he could get to china to buy a baby brother... i heard something about a boat...

brandon then holds the phone away and asks if babies really come from china... i agreed that they did... which sent lexie into a fit about me lying to brandon.... so i had to explain that no... some babies do come from china and it's not a lie... she said... "not all babies come from china!" i countered with "i never said they ALL come from china..." (mainly she was jealous to have not been participating in this extremely extended debate and was getting very annoyed by that fact)

after hanging up the phone brandon asked me "did i come from china"... i said "no, you didn't" he then asked if i bought him in iowa... i laughed said "yep" "did you buy me at walmart?" lmao... "nope, i didn't" he then rambled on for another 10 minutes about being an iowa baby and not from china hahaha

p.s. he wants to name his baby brother he plans on buying from china "miguel" hehe

p.p.s. on a more serious note... walmart (wmt) is not looking that hot on the weekly time frame and is actually forming a short pattern after having fallen throughout 2004-2005 and then based since then. on the daily chart it's now basing at those lows as well. the con is that volume increased throughout the weekly based instead of decreased, but part of this was due to the gap a few weeks back. this still has a lot of room to move ont he downside. conservatively, i would say to about $35 before it sees decent support again on the weekly time frame.