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WOW - WOOLWORTHS GROUP LIMITED


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IN REPLY TO A POST BY stockpanther, Thu 22/01/04 12:46am   [READ POST]

blackbook - I can't see the lowerside of $10 ever being hit again for WOW.

tex - I do think WOW will pull back a little (has been slowing down...but i think a pullback as far as $11.30 is pretty optimistic - would be a good buy point however).

Fortunately QAN has broken out of the $3.30-$3.40 range to keep my portfolio marching forward while ION and WOW have slowed.

By year end I'd be happy with...WOW @ $13.50, QAN @ $4, ION @ $3 to give a solid 20% return for '04 calendar year...althought I think these figures could certainly be beaten.

Hi stockpanther

 

WOW starting to look like it could fall of it's perch, it's amazing how unfairly this stock is treated at times.

I still think $11.30 is possible.

 

Tex.

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Not a chartist, but someone who deals with WOW on a daily basis. I can't see this stock rising dramatically over the next year. WOW is currently very much focussed on internal issues with the Mercury Program which will lead to some increased infrastructure costs and some upheaval in the short term. Long term benefits will probably not be passed on to the customer's in general, but held in Woolies. I believe good for the long term, but hard to read in the short term.
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a lot of stops being triggered today !!

 

I'm not a chartist but when it went below the $11.40 mark it trigered some big sells, so that must have been perceived as the support line.

I would have thought the AU would support woolworths ?

 

I'm going to hold and cop the pain on this one http://www.asxboard.com/html/emoticons/unsure.gif

 

Tex.

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what a difference a week makes, just goes to show what could have happened from a poorly placed stop http://www.asxboard.com/html/emoticons/puke.gif

 

Looks like the bottom is confirmed at $11.27 but it did have an intra day low of $11.17.

With some luck it'll blow $12 away on this run http://www.asxboard.com/html/emoticons/biggrin.gif

 

Tex.

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Well I'm back after a long time away guys.

 

I did the unthinkable today -> sold my WOW Holding.

 

Why would i do this you ask after having such faith and praise for the company?

 

Well ION @ $1.95 to me was just definately a much better opportunity, so while WOW is good...i just had to shift the funds to where I feel I can make more money. If there is weakness in WOW again i'll look for a re-entry...i got out at $11.65..

 

Good luck with WOW...I hope it cruises past $12 for ya's. http://www.asxboard.com/html/emoticons/smile.gif

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