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WOW - Woolworths Group

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Thank you Julia. The forum should applaud your calm objectivity and even handedness. F/A, T/A and E/W. Sifting through the "value" , "price action" and views expressed , while generating income, protecting investment and all the time showing respect for the opinions of others.

tech/a said:
There is a need for a discussion thread
NOT T/A V F/A
But a place where understanding of each can be shared.
Those interested should be able to share views over there.
Click to expand...

Surely this thread is as good as any other, given this thread is where all the out pouring of opinions is actually happening?



And to throw my two cents into the pot, here we are at $29.00 ish (again) and the t/a question has to be whether wow can bounce off this point, as a support level (double, triple bottom, whatever), or whether the "herd" mood (analyst driven) is so negative, wow will now trend lower to tests new lows? Well?
 
Ves said:
...wealth effect....
Click to expand...

That's almost certainly one pathway through which actions are affected by price movements or perceptions about future profits. Whilst such things influence a person's actions, other matters are generally more overwhelming (incl 'animal spirits' apart from the wealth effect although these can be hard to disentangle). People effect economic fundamentals. These, in turn, effect people. People also effect people. Then the way it all comes together impacts outcomes as well. eg, If the nature of banking changes, the way in which this all works out changes.

This has been shown to create some degree of over-reaction in financial variables which, maybe, could be a basis in support of EW in terms of the fact that price pathways tend to zig-zag in a way which mean reverts to some degree. As for the precise specifics of EW... and what it means for T/A or F/A... all the best with it everyone.
 
Well
Click to expand...

Volume dropping as the bottom is being tested.
The longer the consolidation at these levels continues the more bullish it will be.
Corrective moves generally take 3 legs ABC.
So far A

If we don't get a rise toward filling the gap then A is still forming
Not good for the depth of this correction.
Current bar is not showing supply nor demand.
The first 2 bars are similar in range with falling volume.
No supply----
Very high volume bars reverse for a period just about every time.
The depth of reversal and the length of consolidation will set the scene going forward
But from what I CURRENTLY see this has some more correcting to do.
 

I personally will be waiting for some clearer signs as to which way WOW will move.

I can only see it moving between the trend lines at present and will be waiting for a break on either side before making a more informed decision.

Although I will say that it is still in a downtrend and has been since May 2014 and nothing has changed yet.

 
The daily turnover is returning to normal levels. However the share price has gapped down from the moving average by about $1.70. The last three days has seen trading ranging between $29.20 to $29.80 (give or take a couple of cents). It is possible that the fully franked dividend of $0.65 is drawing in some investors which in turn is under pinning the share price.



I snuck a small trade in, buying at yesterdays close of $29.35 and selling into todays close at $29.83. I will be looking for a re-entry tomorrow, particularly if the price dips anywhere near $29.40. I also picked up another small parcel yesterday at $29.62 which we will likely hold for the combination of the dividend and (if necessary) a longer hold for the capital gain combo.
 
How'd you go.

In a moment of madness(????) I snapped up a decent parcel today.
Ex Div tomorrow.

Time will tell.
 
UMike said:
How'd you go.

In a moment of madness(????) I snapped up a decent parcel today.
Ex Div tomorrow.

Time will tell.
Click to expand...

I unloaded the second parcel at $30.03 the following day locking in profit. Tried for a re-entry in todays close with a bid of $29.35 but got knocked out in the dying seconds of the auction when the match price jumped to $29.36. Will watch the action tomorrow, I thought the ex-div date was later in the month, 18 March 2015?
 

I thought the same nulla, hoping for a big push down, before ex dividend date.
 
Yea the Westpac Broking site just agve me another reason to find a better platform to trade. 18/3/2015 is correct.
 
In today at $29.30, knowing my luck $27 on Monday.lol
Only joking ex dividend wednesday, hope to see price surge mon/tues.
 
If there isn't sufficient 'lift' in the next 2 trading days, $29 could be tested. It's currently not in ideal territory to be mucking about just for the dividend.

pinkboy
 
pinkboy said:
If there isn't sufficient 'lift' in the next 2 trading days, $29 could be tested. It's currently not in ideal territory to be mucking about just for the dividend.

pinkboy
Click to expand...

Depends how much you need dividends and the associated risk. Long term, WOW have generally been trading between $29 - $33, my assumption is they will continue to do so.
Obviously that is, unless some really bad news is forthcoming, but as we all know there are no sure bets in the share market.
People still have to eat and WOW have a big footprint. Their model may need tweaking, but that is the case with most business models from time to time.
 
sptrawler said:
In today at $29.30, knowing my luck $27 on Monday.lol
Only joking ex dividend wednesday, hope to see price surge mon/tues.
Click to expand...
I'm expecting it to trade slightly lower on Monday. I'm hoping to pick some more up.
Ex Dividend will see it move well below the $29.00 mark.

A long term trade imo.
 
UMike said:
I'm expecting it to trade slightly lower on Monday. I'm hoping to pick some more up.
Ex Dividend will see it move well below the $29.00 mark.

A long term trade imo.
Click to expand...

From my perspective being self funded, WOW is one of the lower risk shares IMO, and with their dividend around 5% seems better value than term deposit.
Also with the ongoing downturn, WES and WOW appear to be up there with the banks, for stability.

You have to park your money somewhere, in these times of uncertainty and when you are dependant on it for income, a modicum of safety is required.
 
Woolworths seems to be finding support around the $29.00 level, give or take a few cents.
 
nulla nulla said:
Woolworths seems to be finding support around the $29.00 level, give or take a few cents.
Click to expand...

You might be right Nulla Nulla.

However from a technical view both the weekly and monthly charts are still both down so from a medium to longer term view I would not be in any hurry to jump in just yet unless you are interested in short term trading the stock.

It will be interesting to see what happens over the next 3 months to WOW.
 

Rimtas Now that we are at $27.38 what are your latest views on WOW from here?
 
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