Still haven't sold. Volume is good and buyers are supporting price well. At this rate I expect a full blue candle at days end (ie traded out to the days high) with follow on buying tomorrow. ECB anniuncing QE soon so I expect markets to stay positive near term. Lower oil and very low inflation also bolster WHS. Will reassess situation later. One day at a time
You would want to sell before the half year result and probable dividend cut is made.
Don't you think QE is already priced in and it will be a "sell the news" scenario?
Good work BFG, ride the wave. I've got a lot of ground to make up on WHS, fortunately SPK is easing my pain.
WHS has been having some crazy sales of late. I read an article recently that said retailers are cutting margins to the bone so while there are a huge amount of transactions, there's often not a lot of money being made. This ring has been on the WHS website since later November for $8000 and is now $2349. In one day it has come down $5650. At the other extreme, yesterday it was selling charcoal BBQs for...$7. I mean seriously - how are they making money on these things?
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Originally Posted by BlackPeter
Exit of WHS
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