early birds Posted January 30, 2012 Share Posted January 30, 2012 a classic case of "short on rumours, cover on the facts" for WOW today. i was amazed to see it's sp keeps drift lower runing to earning call. now a rush of buying odders kept flowing into WOW. Link to comment Share on other sites More sharing options...
early birds Posted January 30, 2012 Share Posted January 30, 2012 http://www.smh.com.au/business/woolies-to-...0131-1qqdd.html Link to comment Share on other sites More sharing options...
Ooops Posted June 28, 2012 Share Posted June 28, 2012 It's been a while ..... WOW looks like it is breaking out. I guess no mater what...People still have to eat. Link to comment Share on other sites More sharing options...
macduffy Posted July 11, 2012 Share Posted July 11, 2012 I seem to have missed something here. Why is WOW so keen to buy pubs? http://www.smh.com.au/business/property/wo...0710-21txj.html   Link to comment Share on other sites More sharing options...
hungry Posted July 11, 2012 Share Posted July 11, 2012 Hi macd They're not buying the pubs, just leasing and running them. Under the plan, the Laundy family will remain the freehold property owner, while ALH will be the leasehold owner and operator of all the pubs. From the link you attached. They've always been interested in the liquor market from my memory. BWS, Dan Murphy, Wine Market, Cellarmasters, Langtons etc. I bought a bunch of Woolies late last year for the smsf. Defensive stock with reasonable divs. Lucky for me i'ts had an ok capital gain to add to the couple divs received. Still looking good with that possible breakout looming if it can push through the $28 area resistance. Like Ooops (Hi) says - people gotta eat. I notice most will scimp on paying bills too, but can usualy find the cash for a few beers/wines to drown the sorrows Cheers Link to comment Share on other sites More sharing options...
macduffy Posted July 11, 2012 Share Posted July 11, 2012 Thanks, hungry. Yes, I was aware of the Dan Murphy etc interest but didn't think there was enough in liquor to cause them to further that investment while they - presumably - have so much to spend on the hardware adventure. An indication that cashflow isn't a problem! Link to comment Share on other sites More sharing options...
Ooops Posted July 11, 2012 Share Posted July 11, 2012 Hi Hungry, there is a gap up higher on Wow around $29.50ish which could possible fill. note I said possibly. Also I agree with you even when things are tuff there is always a need for food and people will always find money for a drink and a flutter on the pokies. Link to comment Share on other sites More sharing options...
hungry Posted July 28, 2012 Share Posted July 28, 2012 Pushed through the 28 resis and volume increasing since. Next levels to watch are the inverted H&S pattern target of 29.41, then the 30 region where I suspect it will have strong resis. Link to comment Share on other sites More sharing options...
mistagear Posted July 28, 2012 Share Posted July 28, 2012 Seasonal event ? 4 of the last 5yrs appear similar, last year something different (the square in the round sequence) I been looking at it since the bottom of the trading channel but keep trading elsewhere because WOW has one of the lowest daily volatility averages, even amongst the Bluechips, around 1% for the 14 day average. Normally bores the crap out of your trading dollars. Nice run at the moment. Link to comment Share on other sites More sharing options...
hungry Posted July 29, 2012 Share Posted July 29, 2012 Hi Mista Yep boring is one word for it. This pos is in the super for MT, so not a trade for income. Will stay in while the uptrend continues. Lets see if it can break the 30 lev. Cheers Link to comment Share on other sites More sharing options...
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