Following the profit warning at  WH Smith I believe Woolworths could well be the next high street dinosaur to fall.

Very strong competition from Supermarkets on all the goods they sell including confectionary, records, cheap and nasty electrical goods and toys.

The shops look old fashioned and very tired so I can not see how they are going to survive.

The chart looks weak as well with the one year uptrend being broken and a fall below 42p could be followed by a quick drop to 38p and then ??

I look forward to your thoughts on it. (Opening price 44.25p)