$25 a share ( of less ) is the beginning of 'fearful ' ( that some share-holders are losing serious cash )G'day everybody, it’s great knowledge shared on this forum and very interesting opinions, I find I lot of it goes over my head tho. At times it is overwhelming for me as I am still very new to stock investing. I really enjoy learning about stock investing, from reading the posts here. Well done for being very generous with your time and an informative online community.
In regard to WOW would this be a good choice to invest now, like one of those Warren Buffett quoted situation "be greedy when others are fearful" or is it going to continue dropping, does it still have a ways to go down further. – what do you reckon?
That Buffett quote can lead people up the garden path. Sure he likely did that, but it would have been in the context of having studied the situation in depth under the light of his tight-arse experience and coming to the considered view that the herd of investors were wrong and were infecting others with negativity.Warren Buffett quoted situation "be greedy when others are fearful"
As @Dona Ferentes said, nobody will tell you whether to buy or sell a stock here unfortunately. I've been tracking Coles for many years and have only started looking at WOW recently as I felt it was a bit interesting and wanted to look at an entry point. I find it very interesting that the CEO has resigned, so just on that info I'm more interested. So you don't need to be a great investor like some here on ASF or to be able to run a boat you bought at BCF.G'day everybody, it’s great knowledge shared on this forum and very interesting opinions, I find I lot of it goes over my head tho. At times it is overwhelming for me as I am still very new to stock investing. I really enjoy learning about stock investing, from reading the posts here. Well done for being very generous with your time and an informative online community.
In regard to WOW would this be a good choice to invest now, like one of those Warren Buffett quoted situation "be greedy when others are fearful" or is it going to continue dropping, does it still have a ways to go down further. – what do you reckon?
with WOW i inherited a fair chunk of WOW shares that a family member had owned and DRPed them for decades ( not years ) in 2011As @Dona Ferentes said, nobody will tell you whether to buy or sell a stock here unfortunately. I've been tracking Coles for many years and have only started looking at WOW recently as I felt it was a bit interesting and wanted to look at an entry point. I find it very interesting that the CEO has resigned, so just on that info I'm more interested. So you don't need to be a great investor like some here on ASF or to be able to run a boat you bought at BCF.
CEO's in outfits such as WOW are paid inordinate amounts of free money just for being CEO, often in the form of performance stock and other bonuses attached to performance. I believe he resigned recently over something he said or did on a television interview, and then shortly afterwards spit the dummy and resigned. Now ... I don't watch television but I do know a bit about greed as I am the most greedy person bar none that I know, and if I were CEO of WOW and the trade off between stress and Free money was good I wouldn't have resigned.
So look at the leprechaun at Qantas. He got boIIocked mightily while he was CEO, but he stuck in and negotiated enormous amounts of free money as payoff for all the crap that was thrown at him. Because he saw a profit. And no doubt he was stressed, but he handled it well and the monkeys at Qantas paid him inordinately well. He is my hero.
Now ... the fact that this joker at WOW ( I don't even know his name, and don't need to ) has resigned makes me think he was possibly looking to resign anyway. And that makes me think his free money was not sufficient to make up for the good possibility that he will die earlier because of the stress of being CEO at a company that he may not see doing all that well in the short to medium term, and possibly long term. So he got stressed at an interview I believe by one of those Ch7 or ABC old dolls who give CEOs a hard time. And good on the old dolls. It may not have been an old doll. Maybe a chick. who knows but it doesn't matter. That is their job. The chicks. His job is to stick at a job that should pay enormous amounts of free money and he can laugh like the leprechaun did at he monkeys who paid him free money
So that is why I'm now following WOW. Will it fall in price? Who knows. I hope it does. How far will it fall. Who knows. I hope it falls greatly and quickly. That would be good for me. When to buy? Keep on following people on ASF who don't buy chandlery and vessels at BCF. @divs4ever seems to buy cheap. I'm not good at buying at the bottom, but I am ok at not buying at the top. And I'm looking at buying. But not right now. Then again I could be wrong. Disclosure : I don't own a boat and don't want to own a boat.
gg
COL/WOW often become punching bags by governments feeling the consequences of rising inflation ( near a future election )Great general advice! Thank you to all who took the time to respond, much appreciated, you have made my day
WOW is on my watchlist, it was tempting for me to press the buy button (my finger was getting itchy) on WOW dropping past $33 today. The latest ABC 4 corners story is not good, not sure if the news stories and Gov Albo messages will get much better soon either.
It does sound like a conspiracy, the news and Gov Albo threats may not be finished with WOW anytime soon, so it may have some ways to drop further, - I’ll wait for $25 a share,might be wishful thinking, not that I know what I’m talking about tho. – I’ll keep watching and do some more research.
Quick chart of WOW from 16th Oct 23 and also the price comparison to MTS since then.Although I have WOW in the yearly comp, I have my real money in MTS.
For that I am grateful, as MTS up about the same level as WOW is down.
But for all the negative publicity, I am surprised it has not gone down further.
Mick
Although I have WOW in the yearly comp, I have my real money in MTS.
For that I am grateful, as MTS up about the same level as WOW is down.
But for all the negative publicity, I am surprised it has not gone down further.
Mick
i exited EDV completely January this yearGood I think as I just entered a small position.
Not keen on the brand but part of move toward conservative shares and cash
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