WOW - Woolworths Group
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Re: WOW - Woolworths Ltd
Hi donga,
On the technical side it broke down on major support areas. Thats why you would have seen a sudden drawdown today.
Needs to get back over 26.00 very quickly, if there is going to be some sort of near term recovery IMO.
SGB
Hi donga,
On the technical side it broke down on major support areas. Thats why you would have seen a sudden drawdown today.
Needs to get back over 26.00 very quickly, if there is going to be some sort of near term recovery IMO.
SGB
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Re: WOW - Woolworths Ltd
Exactly!
Broke down today, I think this one will have further to run down. Desperately needs to rally back and see some buying pressure in at these levels, should have placed a short on it once it broke down below 26, but already have too many open.
Exactly!
Broke down today, I think this one will have further to run down. Desperately needs to rally back and see some buying pressure in at these levels, should have placed a short on it once it broke down below 26, but already have too many open.
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Re: WOW - Woolworths Ltd
I covered yesterday (Monday) in the mad rush home.
I expected more support around 26.00 to be honest with you but it flopped through quite easy.
H&S looks dangerous for more downside by the looks of it.
SGB
I covered yesterday (Monday) in the mad rush home.
I expected more support around 26.00 to be honest with you but it flopped through quite easy.
H&S looks dangerous for more downside by the looks of it.
SGB
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Yeh, the increase in volume and the low close are a bad sign too.
Rest of the week will be very interesting, if no buying pressure comes in, I would not be surprised to see this drift (or a bit faster) quiet a bit further.
Target of 20 perhaps.............even the big guns are susceptible in this market! So much for safe 'blue chips'!
Just like JBH copped it a little while back (a public darling), WOW may be in for the same fate, at least in the short to medium term.
Rest of the week will be very interesting, if no buying pressure comes in, I would not be surprised to see this drift (or a bit faster) quiet a bit further.
Target of 20 perhaps.............even the big guns are susceptible in this market! So much for safe 'blue chips'!
Just like JBH copped it a little while back (a public darling), WOW may be in for the same fate, at least in the short to medium term.
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Re: WOW - Woolworth's Limited
I rarely but in when techos are having there say but with Dow Futures up and Woolie fundamentals still strong ie: inflation is covered by jacking up prices which has been evident of late (just ask my my wife)
I am predicting to support to realign@ the $26.00 mark.
If I am wrong I will be buying
I rarely but in when techos are having there say but with Dow Futures up and Woolie fundamentals still strong ie: inflation is covered by jacking up prices which has been evident of late (just ask my my wife)
I am predicting to support to realign@ the $26.00 mark.
If I am wrong I will be buying
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Based on a quick look at current earnings forecasts, risk (not much), and current ROE and book, I would still say WOW is still overvalued, having fallen from a rediculously high price.
Futures cannot make up their mind tonight........not really doing much at all, and it's only one day worth.
Biggest positive for WOW at the moment is the RBA looking like it will keep away from IRs for quiet some time, biggest negative for WOW is the job loss figures in Australia (what will they be next time around) and the fact behind why the RBA is planning on leaving IRs on hold (slowing growth).
Nick, I hope you are right, I have family who hold this stock, despite me strongly telling them to sell it around the 32-34 mark!
Futures cannot make up their mind tonight........not really doing much at all, and it's only one day worth.
Biggest positive for WOW at the moment is the RBA looking like it will keep away from IRs for quiet some time, biggest negative for WOW is the job loss figures in Australia (what will they be next time around) and the fact behind why the RBA is planning on leaving IRs on hold (slowing growth).
Nick, I hope you are right, I have family who hold this stock, despite me strongly telling them to sell it around the 32-34 mark!
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Re: WOW - Woolworth's Limited
Nick,
Next important support levels are 23.50 to 24.00.
Agreed with fundamentals, Rodger drove it to where it is today, but some trains are harder to pull up then others.
I will be waiting for better signals to go long than guess work. Getting back to 26.00 and holding will be my signal. Until then I'll go short or sit out.
Trying to pick bottoms to go long is just too hard.
SGB
I rarely but in when techos are having there say but with Dow Futures up and Woolie fundamentals still strong ie: inflation is covered by jacking up prices which has been evident of late (just ask my my wife)
I am predicting to support to realign@ the $26.00 mark.
If I am wrong I will be buying
Nick,
Next important support levels are 23.50 to 24.00.
Agreed with fundamentals, Rodger drove it to where it is today, but some trains are harder to pull up then others.
I will be waiting for better signals to go long than guess work. Getting back to 26.00 and holding will be my signal. Until then I'll go short or sit out.
Trying to pick bottoms to go long is just too hard.
SGB
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Cheers guys and great chart work. SP at fair price value now but I agree with your support levels. Further downside must be factored in before upward correction in the new financial year. I won't be jumping in just yet
Hey Fella's
This Forum really is only about the companies that dig for stuff isn't it.. Can't believe the events over the last week or so have not incited a single post on this company..
I hold, just for the record..
I have just read the latest market release, and I'm hoping someone can explain something for me..
I'm wondering how the Continued Operation 'Total Increase' of 16.0% can be reduced to a 'Normalised Increase' of 7.5% due to one extra week and Easter?? So if we throw in an Easter and an extra week to the entire 'Full Year Sales Report' we can expect to more than double the profit??
Doesn't make sense to me..
Looking forward to the explanations..
Cheers,
Don.
This Forum really is only about the companies that dig for stuff isn't it.. Can't believe the events over the last week or so have not incited a single post on this company..
I hold, just for the record..
I have just read the latest market release, and I'm hoping someone can explain something for me..
I'm wondering how the Continued Operation 'Total Increase' of 16.0% can be reduced to a 'Normalised Increase' of 7.5% due to one extra week and Easter?? So if we throw in an Easter and an extra week to the entire 'Full Year Sales Report' we can expect to more than double the profit??
Doesn't make sense to me..
Looking forward to the explanations..
Cheers,
Don.
subaru69
Just keep swimming...
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I thought it was interesting that the alcohol revenue in Australia is greater than the grocery sales in NZ. I know there are a million good explanations for this but don't let the facts get in the way of a good story.
:shoot::sheep::chainsaw:
:alcohol::drink:
ps - my love of smilies continues...
pps - sorry (not) to any Kiwis
:shoot::sheep::chainsaw:
:alcohol::drink:
ps - my love of smilies continues...
pps - sorry (not) to any Kiwis
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Although fundamentals of WOW are very good, in these times it may find support on the long term trend bouncing off $18. Certainly it seems to be heading in that direction quicker than the time the market will take to correct itself. If it does hit $18, I'll consider that low enough and buy in, not before.
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plain H&S reversal pattern but personally think it will find support before the 18 mark. i couldnt imagine a retailer as powerful as wow dropping 2 yrs in sp value especially after promising results during the current market conditions
my wager stands @ 20
my wager stands @ 20
I dont get it , woolworths posted huge profit and predictions are for better things to come yet the share price sits below $28.
Ive read anylist reports stating they should be around $32
Question should im buy more shares at the lower price ??
I already have a nice chunk off them from family and they seem to be the more stable shares to invest but do i wait see if they go down hmmm they were $25 a month ago now they are $28 maybe i waited too long.
I think these shares will top the $30 mark within the next week or so .
Comments please what do you think?? agree to purchase more or disagree??
Thanx
Dave
Ive read anylist reports stating they should be around $32
Question should im buy more shares at the lower price ??
I already have a nice chunk off them from family and they seem to be the more stable shares to invest but do i wait see if they go down hmmm they were $25 a month ago now they are $28 maybe i waited too long.
I think these shares will top the $30 mark within the next week or so .
Comments please what do you think?? agree to purchase more or disagree??
Thanx
Dave
Garpal Gumnut
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Its a 50/50 bet really. I am a l/t holder of WOW. In this climate though would you get them cheaper in the short term?
gg
gg
Sean K
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Could get them cheaper, but if you are a LONG TERM investor - 10+ years - what's the risk?
Only total financial system meltdown IMO.
Only total financial system meltdown IMO.
Well seems shares are on track whilst the market slumps wow shares are on the increase as predicted.
shares are up 97 cents in past week so heading towards the 30 mark so guess the market gurues were on track
lets see where they go when the market bounces back ? could be a promising week for wow share holders
cheers
dave
shares are up 97 cents in past week so heading towards the 30 mark so guess the market gurues were on track
lets see where they go when the market bounces back ? could be a promising week for wow share holders
cheers
dave
wow shares stronger than ever
Amazing the stock market crashes but woolies shares continue to hold and even increase.
Westfarmers who own coles have dipped dramatically
Surely when the market returns wow shares are going to be one of the big returns.
If you are lucky enuff to have some of them as i am hold on to them as the future looks brighter even in these grim times for wow shares.
Word is mitre 10 buy is closer than assumed.
Any thoughts people ???
cheers
dave
Amazing the stock market crashes but woolies shares continue to hold and even increase.
Westfarmers who own coles have dipped dramatically
Surely when the market returns wow shares are going to be one of the big returns.
If you are lucky enuff to have some of them as i am hold on to them as the future looks brighter even in these grim times for wow shares.
Word is mitre 10 buy is closer than assumed.
Any thoughts people ???
cheers
dave
Julia
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Re: wow shares stronger than ever
Possibly more money will be going into WOW now and with the next interest rate cut as cash depositors find their income being reduced and switch to defensive stocks.
I'm not sure that when general confidence returns you will see much change in the pattern of WOW shares, given that they are one of the few truly defensive stocks in this current environment.
Possibly more money will be going into WOW now and with the next interest rate cut as cash depositors find their income being reduced and switch to defensive stocks.
