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SWM, SEVEN WEST MEDIA LIMITED
blacksheep
post Posted: Aug 20 2019, 02:32 PM
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Now we have a clearer picture as to why there was a sudden change in CEO announced Friday last week

Seven West Media crashes to a $444 million loss as TV assets continue to lose value
QUOTE
Key points:
Seven West Media's auditors slash the value of TV and publishing assets by $574 million
KPMG said the value of TV licences continues to be challenged by changing consumer habits
Seven's shares are hovering near an historic low

read more - https://www.abc.net.au/news/2019-08-20/seve...-value/11431362
https://www.shortman.com.au/stock?q=swm
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mistagear
post Posted: Nov 25 2015, 05:41 PM
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In Reply To: cooderman's post @ Nov 25 2015, 02:06 PM

Cooderman,

Only a suggestion,
If TA reflects sentiment rather than fundamentals,
an exponent should place lines on the chart at points, which best convey in a picture form, the sentiment of a stock at that time.
I suggest, a better way to show the current state of play in SWM would be,
to identify the gap down which is some news which the market reacted very strongly to
and then the subsequent reluctance by the market to sell down further than 65c.

Rather than mark the longer term trend which you have, as a possible break-out,
A horizontal resistance line around 78c where the stock found support prior to the news, then jumped down through on news. (Reconfirmed as significant because it acted as resistance to the bounce)
and possibly a second horizontal showing current support levels at 65c.
This would frame the action in a sideways range and identify a possible base forming. (quite possible)
What you could then trade, is pullbacks to the support where supporting evidence of a bounce, such as lack of sellers willing to sell down at those prices.
Then look to identify when supply comes in as price rises towards the resistance.
Current swings in SWM is running around 7% tradeable which would give you a reasonable risk reward ratio to justify entering a trade.
By doing this, if later proves the basing formation correct, you will be in a trade at near best price when sentiment changes and the stock jumps up through the resistance and heads north on a new uptrend. In meantime you profit on some reasonable swing trades while you wait for the multi-bagger.

A long convoluted post, sorry, I hope it makes sense.



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Said 'Thanks' for this post: wolverine  cooderman  nipper  
 
cooderman
post Posted: Nov 25 2015, 02:06 PM
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Getting a bit fed up with watching SWM...seems to want to break out but always pulls back.. Holding 8k at .72 and it hasn't closed
above that price since buying....will give it until Friday close and most likely cut it loose.
Chart about 3pm
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cooderman
post Posted: Nov 18 2015, 10:24 AM
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watching SWM for a possible break.. see where it closes today
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arty
post Posted: Jul 31 2013, 01:54 PM
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Volume remains still underwhelming, although momentum has turned up again and is now approaching the Signal line.
I have also made a note of that overhead gap.

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
arty
post Posted: Jul 30 2013, 12:35 PM
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In Reply To: Nick1970's post @ Jul 29 2013, 08:00 PM

Just as well we didn't rush in rolleyes.gif
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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


Nick1970
post Posted: Jul 29 2013, 08:00 PM
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In Reply To: arty's post @ Jul 29 2013, 02:43 PM

I have $2.20 as the trigger Arty.



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Use a stop loss every time.
 
arty
post Posted: Jul 29 2013, 02:43 PM
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SWM shows up on a scan today. Time to re-enter? Or better wait for resistance @ $2.20 to be broken?

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current vwap $2.11



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
Carsha
post Posted: Feb 6 2013, 04:03 PM
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In Reply To: 7's post @ Feb 6 2013, 02:54 PM

Only comment from me is that I sold half my holding at $1.50 wacko.gif
Thankfully I decided to hold the rest and will continue to do so till I feel this bull rally is all out of bull...

CS

 
0007
post Posted: Feb 6 2013, 02:54 PM
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In Reply To: 7's post @ Feb 6 2013, 11:55 AM

Correction SWM will report 20th of February. It is up 16c today. Any comments?
Thank you

 
 


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