Anyone notice the exratordinary volumes yesterday? (10/5/2004)

48 million!!!

Many more buys than sells.

That and the price held out only losing a fraction of a penny.

No Easter Eggs in sight in my local store.

May be one reason but............

Any ideas people?

1.25p down on yesterday.

If it can drop another 2p for tomorrow, I am in business!!

SWW - Yes come January and the updates from the retailers lets
hope it was a better trading period then it appears to have been,
I have also heard reports of shops quiet or people browsing and
then wandering off to window shop elsewhere.
I take it you have seen the broker downgrade this morning on WLW?
haven't checked prices yet but chances are you might now have
the price you wanted.

Didn't see that, I'll pop next door and have a look see........

Our Woolies reasonably busy but most shoppers in John Lewis and judging by the numbers of JLP bags seen in the High Street buying. One problem for me is the 3 for 2 deals in Woolies this must surely affect margins and make estimates unrealistic to a degree.

JP MORGAN
Downgrade Neutral from Overweight Woolworths, removes from Analyst Focus List, cuts target to 47 pence from 57, reduces estimates

Oakapples142 I tend to agree on that.

Obviously for WLW though 3 for 2 is better than bogof. The most of these deals are worked out with the maufacturers so the costing load is spread anyway.

I like a bargain, and buy one get one free is appealing, but why did I want 3 Easter Eggs for 2 children?

Well that's history, I ended up giving the paper boy and easter egg............

..........for Christmas!

Everybody is doing it but a 10p downgrade is not good.

I may see sub 40 pence at this rate!

SWW - thanks for that - not too many smiles on this BB but you have just given me one. Tel JP MORGAN that I for one would be happy with 47p !! Do you know I cannot remember one occasion when an alalyst has done me any favours

Actually now you mention it, nor do I me...............

As I like to channel trade this and anticipate buying in tomorrow, I want it as low as poss.

Sub 40p would be nice but realistically I do not see that price again so Iwill be happy with current levels.

Been here had the trading scares before and it always bounces.

38,and the ball is in play.

Just for OakApples......A smile
:>)

SWW - don't you jinx my profit! LOL! ;>)
Afternoon Dave - are you considering coming on board again?

Mybe bunny yes,just waiting to sell my pet short from yesterday.

Well I know if I sold my cat short she'd be livid!
;>)

38p would be irresistable.

mmmmm.............

dave dont hang around too long on that PET, remember that nothing has been confirmed so it could go suddenly long by a big way, if I said a pound better overnight, you would proably call it in now, and if the conracts have not been awarded to those indicated and Iraq take sympathy on PET you could get into big trouble even with a little gamble.

as always make your own decision, but the confirmation one way or the other must be due about now!

Thanks Stockbunny - and you (< :>) - little else to smile about on this BB although SWW seems to be enjoying it ! Had my bit of fun today with Sibir Energy in at 195p out at 210p so at least I made a bob or two and I am smiling.
Have a great Christmas - I am off to Woolies to spend to-days profits and help turn them around !!

Yeah oakapples - you have convicned me, I'm in tomorrow!

Something will turn up!

Well done OakApples! It all helps make the tills ring!
Have a good Christmas!
Well done on Sibir!

SWW - its' worth keeping an eye on things, low volumes can bring
curious price moves and some opportunities sometimes. :>)

My be 38 !!

stockbunny I agree and I will.

This week is critical and every day news can make things go weary.

Woolworths downgraded

MoneyAM

Woolworths Group has been downgraded by JP Morgan and removed from its Analyst Focus List.

The broker has changed its stance to 'neutral' from 'overweight'.

Last week's TNS data worried JP Morgan, with Woolworth's showing a 20% year-on-year fall in sales, accelerating the negative trend of recent months.

JP Morgan highlighted the biggest gainer in the survey was Tesco, with a 14% year-on-year gain, implying almost 1bn of extra non-food sales for the full year. JP Morgan fears this is eating into Woolworth's core products more than expected.

JP Morgan said it thinks the stock certainly looks cheap and the broker sees risks to the upside if sales and margin targets can be met over Christmas, though it still feels downside risks are strong.

Maybe I'll leave it till it drop under 40p.