You Ask, Fitzpatrick Answers

RealMoney's Dan Fitzpatrick offers his advice and insights on a range of trading topics.
Publish date:

Updated from Feb. 4

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Stockpickr Answers


Dan Fitzpatrick

responded to a batch of questions posed by members of the Stockpickr community.

Here are a few of those questions and Fitzpatrick's answers.

What is a good price to get into Wal-Mart ?


Short term: $46 with a very tight stop.

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(In early morning trading, shares of Wal-Mart were recently trading at $47.70, up 2.69% for the day.)

Is Caterpillar a buy, sell or hold? We bought in at $32?


Sell if it drops much farther. You are already down two bucks.

Click here for Fitzpatrick's full answer.

(In early morning trading, shares of Caterpillar were recently trading at $30.59, down 0.29% for the day.)

What metrics do you use to go about determining the proper size of a position?


I'll never have more than 10% of my portfolio in one stock. Usually, it's less than that. And in this market, I can't recall the last time I've built a full position.

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What's your take on gold? Any opinion for the short term (two weeks)? I think it's heading for its next resistance of $945 to $950 and then $1,000.Position: Long Barrick Gold .


I still like gold. I don't have the same timeframe as you -- I think the metal is pretty volatile now. Lots of very smart people think gold is at a a bubble. Other smart people think gold will be $2,000 soon.

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