Discussion in 'Stocks & Derivatives' started by finicky, Oct 8, 2014.
quite the drop today. WOW
WOW all right, almost 10% drop today.
Might be time to buy some more in the super fund.
WES down around 5 per cent too!
my understanding is that woollies is spending profit to increase competitiveness. Wes down as they will have to follow suit to stop customers going to woollies.
said I was going to buy back into woollies at 25.00. I suspect market sentiment will drive this lower and will hold off.
Metcash MTS down 10% as well!
After a pretty decent rally recently.
I'm liking MTS as a potential takeover target from somewhere. WOW or WES would have a hard time convincing ASIC to approve it so maybe an overseas supermarket chain. I don't hold it
Bit glib, but last time WOW behaved like this, in late Feb where it gapped massively down, it continued to deteriorate 20% over another 7 months. Has undone the subsequent rally now anyway. Holder of WOW, but buying's not for me until confirmed change of direction.
Perhaps waiting some remedies on their masters home...
An article suggesting a dividend cut likely.
My whole life up until 2010 I only ever shopped at Woolworths then one day in 2010 the stores refused to accept my Debit card as part of their new 'Debit Cards Policy' I left the trolley full of shopping at the checkout and walked out and have never been back to do a full grocery shop since. I quite enjoy shopping at Coles now and over the past 5.5 years have really grown to know the layout of their shops now and the odd one off days I do find myself having to run into a Woolworths to grab something doesn't entice me back either. I can't help but feel that this was the most devastating policy Woolworth's ever tried as I know many other people also left Woolworths that day and never came back.
Im not loyal to particular supermarket chains, i stay loyal to value for money
I bought some WOW today @ 23.44
From a technical perspective it was a long (2 year) downtrend that looks oversold, found a decent base and it recently has bounced with a short covering rally that could signal the bottom is in.
From a fundamentals perspective there have been some restructuring which may be positive and also the recent strengthening of the AUD is likely to help profitability. Even though I am generally a bit of a bear on the broader market and economy and think we could be in for tough times, it seems a good defensive stock and could/should hold up ok even if we go into recession.....and if we go into money-printing mode (food stamps?) then there's actually some upside.
Anyone else holding?
Bugged Out, what indicates that shorts are being covered? Or is this just an assumption due to change in sentiment short term?
I stay loyal to convenience.
I'm not going to drive a few extra miles to save a few bucks on the groceries.
Admittedly it is a bit of an assumption/opinion regarding the sharpness and volume of the recent bounce. But it could probably be backed up by looking at open interest. Unfortunately I am not that diligent, nor do I have that info.
I held WOW but sold out once all the stuff ups started happening.
Yeah all good I thought there may be something I was missing!
too much going on to be sitting in this with the grandpa, grandma holders, the AGM would be like a wake, cups of tea and cucumber sandwiches.
Thanks for the heads up. Wasn't watching but just added to watch list.
If they can get their earnings back to the long term trend it is selling around a PE of 10
Share price is back to where it was 10 years ago
I work for a supplier to WW. Absolutely shocking behavior on all fronts and it's getting worse. Won't be getting my money.
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