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I see that they are getting desperate for sales. They had a shareholders shopping night a week or two ago, where got 10-25% off.
Must have been a success, as they are having another one next week. I bought about 10 things and every one had the minimum discount of 10%. Even worse, after reading the posts on WHS on this site, every item scanned at the shown price!!
Just trying to get some of the money back WHS has cost me thus far. :( Maybe it's just a way to placate shareholders??
SSB
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Xmas helping the WHS price
I say 400 by Xmas .... don't most say this is the Xmas to beat all Xmas's (sales wise)
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I would be grateful for any TA viewpoint on the current WHS SP. I know that fundies think it is a solid share.Cap and the smart money think it may get back into gear in February.
The issue for me is about timing of entry.
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K1W1 - I reckon that the T.A. indicates a buy right now. Short term trendline break. Good volume today after 3 previous day rises (improving candles) although there may have been a bit of profit-taking as todays has a bit of a long lower shadow. May want to wait a day or two for a DMI cross-over (or not) but On Balance Vol OBV and MACD or bullish. That will be 20 Guineas please (unless I'm wrong.)
Beats me why the sp wld rise on pre-Xmas sales. People are sooo fickle - that's why T.A. works.[:p]
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Fundies see shares as part ownership of a business. If as you say the business is solid then it would follow that a shar ie part ownership of a solid business could also reasonably be described as "solid".
That is completely different from share price ie what Mr Market is prepared to pay for it on any day. Solid shares do not always have solid share prices. The art is to pick the value discrepancies.
On that point I would be interested in your views on Speirs Finance which traded today at $1.20.
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K1W1 - In a word - Icck!
Too few trades on poxy volume to give a meaningful answer. Only 33 trading days since mid-August but it is in an uptrend. Have a look at http://bigcharts.marketwatch.com/javachart/ NZ:SGL is the code to use.
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kiwi and other prospective WHS owners, after spending a good hour yakking through the NZ retail scene with the non-food purchasing manager of NZ's largest retailer by turnover (hint the outfit is not listed) I am seriously thinking of going short the WHS....looks like things are just going to get tougher for them in NZ going forward.
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k1w1 Posted - 17/12/2004 : 6:24:49 PM
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Fundies see shares as part ownership of a business. If as you say the business is solid then it would follow that a shar ie part ownership of a solid business could also reasonably be described as "solid".
That is completely different from share price ie what Mr Market is prepared to pay for it on any day. Solid shares do not always have solid share prices. The art is to pick the value discrepancies.
On that point I would be interested in your views on Speirs Finance which traded today at $1.20.
Well I had to laugh when I read that again K1W1.
If one (techie) picks solely undervalued companies and the rest of the mkt (Mr Market) doesn't recognise this what happens to the sp? DOH!!!! [xx(] Nah - it doesn't work for me like that. It's all about what the market does , rather than what we think it should do.
If I go any further then I'd have to drag Cap' into this to talk about reality, perception, desire and hope.[:p]:)
Thanks for inviting me to respond about the Speirs thingie. There are several far more knowledgable people here who understand T.A. and I'd like to see their views on WHS. I appreciate the the value of F.A. but I'm too impatient to buy & hold long term.
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Without cosidering the big picture I'd say the warehouse will be punished on Monday along with Briscoes. :)
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Longtack sees WHS as a "buy" right now. I disagree, but it is obvious why we have different opinions. I am a less active, more conservative trader than LT. My systems are aimed at trading medium-term trends and LT's comments refer to the short-term trend. I have made only 2 WHS trades in 4 years, and that was one too many! (I was lucky to get out of the 2003 trade with any profit at all)
So, right now I see a stock in a clear long-term downtrend, with a confirmed trendline in place and with price action well below the trendline. In addition, there was such strong support for WHS at $4.00 that it would be reasonable to expect some resistance at that level on the way up. Not for me at all, but if you are keen to buy, why not wait for a break of the red long-term trendline? If you are really desperate to throw money at this thing, at least wait for a break of the blue short-term trendline.
http://home.ripway.com/2004-7/148483/WHS002.gif