As expected my order to sell 20% of my Walmart shares went through this morning. I had placed a limit order to sell at no lower than $67. The stock opened at $67.68 according to Yahoo finance. My shares sold at $67.70 (I am not sure why it would not have been the $67.68). My shares sold at 9:30 exactly when the market opened.
None of my slightly optimistic orders to sell (a portion of my holdings) at prices a few dollars higher than Monday’s closing price got filled.
The Dow was up 163 points gaining back the near 150 point loss from Monday.
Canadian Western Bank was down 3.3% (to $26.25) for no apparent reason (other than perhaps making up for the fact that it rose yesterday when almost everything else fell). While no stock is free of risk, this one looks like a very good bet to me. Unless the western economy and house prices take quite a beating this stock seems unlikely to decline much. I would suspect that over the next seven to ten years this stock should double but will do so in an irregular fashion. (I may just talk myself into quickly reinvesting my Walmart proceeds into this, except I sold the Walmart to build some cash).