A good thing to do would be to create a new compressed archive in your home.
Create this script named for exmaple */home/sh/c2duo_mms_backup.sh*:
#!/bin/bash
cd /usr/local/src/djcode/
tar zcf /home/sh/c2duo_mms-`date +%Y%m%d`.tar.gz c2duo_mms
Be sure to add the executable permission to the script:
chmod +x /home/sh/c2duo_mms_backup.sh
Then add the relevant crontab entry with the _crontab -e_ command:
0 13 * * 2 /home/sh/c2duo_mms_backup.sh
The script will create a new compressed archive every Tuesday with the date in the filename, so that you can keep older backups if you want. File name will look like this:
c2duo_mms_20110719.tar.gz