Woolworths Ltd (WOW)

Discussion in 'Stocks & Derivatives' started by finicky, Oct 8, 2014.

  1. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,119
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    1.3 per cent up today as of now.
     
  2. aleks

    aleks Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    2,210
    Likes Received:
    27
    Trophy Points:
    48
    Location:
    Karl-Marx-Allee
    More and more Aldis opening up can't be good for WOW
     
  3. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    4,625
    Likes Received:
    1,124
    Trophy Points:
    113
    Location:
    Australia
  4. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    Yeah my dad keeps telling me to buy Woolies - truth is its not the same company it was 5 years ago. I would buy if it stopped going down so much :)
     
  5. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    2,248
    Likes Received:
    1,204
    Trophy Points:
    113
    Location:
    straya
    i also want to get in but still remember being burned buying uk woolworths, 28 will convince me to pull the trigger.
     
  6. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    4,625
    Likes Received:
    1,124
    Trophy Points:
    113
    Location:
    Australia
  7. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,468
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Dreamworld
    Had a bounce off $30
    Very uneasy so far about this 'swing low' holding in the longer term.

    Merrill Lynch's lead retail analyst reckons $25!
    Thinks WOW will have to sacrifice margin to get turnover up. Expects asset write-downs, more investment requiring equity raising.

    [imgz=http://forums.silverstackers.com/uploads/1893_wow_dec_4.gif][​IMG][/imgz]
     
  8. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    3,967
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
    dont worry fin..... soon you can see the 'smiley face' pies on their freezer :p plus welcoming the acquisition of china liquor business
     
  9. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    4,625
    Likes Received:
    1,124
    Trophy Points:
    113
    Location:
    Australia
  10. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,468
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Dreamworld
    Yes $30 was a level of multi-year resistance - took four years and 3 attempts before WOW broke above $30 in 2013. Should have served as some degree of support. Needless to say, not buying yet.
     
  11. aleks

    aleks Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    2,210
    Likes Received:
    27
    Trophy Points:
    48
    Location:
    Karl-Marx-Allee
    What do you think of the fundamentals long term? Considering they now have to deal with the likes of Costco and Aldi?
     
  12. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,468
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Dreamworld
    Totally unable to assess it. It's a factor I hadn't taken seriously till others did.
     
  13. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,468
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Dreamworld
    Today's almost 3% rise is not depicted on this WOW monthly chart yet, but even without that the candles are bullish looking. Namely a hammer candlestick, then a bullish engulfing candlestick. The tail of the hammer candlestick extends down to a level of previous resistance and support, so $29 zone has arguably been tested and after which the price rebounded?

    [​IMG]
     
  14. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,468
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Dreamworld
    Six weeks on and back to $29 area again. WOW rallied another 6% after previous comment but then undid the entire 2.5 month upleg in just 3 days. Now narrowing to a point of decision (small daily chart). Small indecisive candle today. Doesn't look promising after such a steep retracement.

    5 year monthly
    [​IMG]

    2 month daily
    [imgz=http://forums.silverstackers.com/uploads/1893_wow_dly_2_mth_mar_16.gif][​IMG][/imgz]
     
  15. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

    Joined:
    Oct 19, 2014
    Messages:
    2,493
    Likes Received:
    15
    Trophy Points:
    38
    Location:
    R.I.P

    You think it's getting close to a buy? I'm thinking about it for a relative who wants some income shares and the price is starting to look pretty attractive. It's enough investment to make buying in staggered lots to catch a good average a practical option so maybe this is a good entry point?
    Is it lower on specific news?
     
  16. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,468
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Dreamworld
    The day of the first drop was 27 Feb, the day WOW issued Interim Report
    To me it's a gamble here as chart has not shown immediate direction.
    One chartist Michael Gable reckons it'll haul up between $28 and $29 and there'll be time to buy. He's occasionally wrong though.
    Very undecided right now myself, and anyway hands are tied and can't buy shares right now.
    A tactic like staged buying in 'parcels' doesn't seem unreasonable from here, or maybe a stop loss somewhere under $29 or even $28 for someone more sophisticated (not me)
    Keep in mind dividend ex date. There's some confusion about this but if you go by the ASX site's information, 'ex' date is tomorrow therefore today is last day to pick up dividend and tomorrow will produce a big drop that might take out many stop losses? Probably fall more than the dividend.
     
  17. aleks

    aleks Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    2,210
    Likes Received:
    27
    Trophy Points:
    48
    Location:
    Karl-Marx-Allee
    Aldis are popping up everywhere gut tells me SHORT
     
  18. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    3,967
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
    Not to mention costco n their own issue (Master).
     
  19. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    3,967
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
    I will join the crowd if SP is in $25.
    I will take it as buying an oz silver+$5 spot.
    Always spend $$ on their supermarket...may as well join the club to get some returns back.... IF ......
     
  20. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    4,625
    Likes Received:
    1,124
    Trophy Points:
    113
    Location:
    Australia
    Woolworths Traded ex-dividend fell 2.3 per cent to $28.67.
     

Share This Page