Bargain-Hunting Buyers Trample Wal-Mart Worker to Death

Tags: WMT
29 Nov 1:33am
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The words "Black Friday" have taken on a more ominous meaning today. According to The Wall Street Journal, early this morning, an employee at a Long Island-based Wal-Mart (WMT: sentiment, chart, options) was killed after being trampled by a gang of greedy shoppers. He was 34 years old.

Furthermore, reports indicate that at least 3 other people were injured in the accident including a 28-year-old pregnant female. "It was like rush-hour traffic around the malls this morning," Nassau County Police Department spokesman Michael Aronsen told the WSJ.

At last check, WMT is trading with a deficit of about 1.55% from Wednesday's close, flirting with the 55.80 level. From a longer-term perspective, the stock is currently attempting to combat resistance from its 10-month moving average a trendline the equity hasn't closed a month beneath since October 2007.


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Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.