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Wolseley (WOS)     

hlyeo98 - 11 Mar 2008 19:24

Chart.aspx?Provider=EODIntra&Code=WOS&Si



Where will this lead to?

cynic - 04 Dec 2008 08:47 - 50 of 176

if that happens, then it will be short-lived and may then well add to shorts ..... meanwhile IEC is on its way at last!

cynic - 04 Dec 2008 11:00 - 51 of 176

got my timing rather wrong on this one to put it mildly, but shall probably expose myself further after BoE pronouncement

Falcothou - 04 Dec 2008 11:31 - 52 of 176

I think wos is also like gsk a dollar play ie goes up with the dollar

jkd - 04 Dec 2008 12:09 - 53 of 176

cynic
i think i may have done too. stopped out of my short at breakeven today. buying when i should be selling? oh well better safe than sorry.
regards
jkd

cynic - 04 Dec 2008 12:28 - 54 of 176

actually i caught the falling knife and topped up (down?) at 338.5 which averages me out at 319 ...... contemplating whether or not to cash in the profit on the last batch, but at the mo, am inclined to be greedy!

cynic - 04 Dec 2008 13:24 - 55 of 176

went out to buy a sarnie and see i was not such a dope after all

jkd - 04 Dec 2008 13:26 - 56 of 176

cynic
well done to you.
regards
jkd

cynic - 04 Dec 2008 13:32 - 57 of 176

i noticed when i was thinking of buying (selling short) my second tranche that sp was just touching below 50 dma ..... now note that it has fallen back under 25 dma ...... next "proper" support looks to be around 275

Chart.aspx?Provider=EODIntra&Code=WOS&Si

cynic - 05 Dec 2008 13:39 - 58 of 176

have sold the more expensive 40% of holding at a decent profit and the balance is also now in the money ..... with Dow looking to be in for anothjer torrid day, 275 may well prove to be on the cards in the not too distant future

dealerdear - 06 Jan 2009 21:00 - 59 of 176

You still short these cynic?

cynic - 06 Jan 2009 21:43 - 60 of 176

perhaps a bit bravely, but yes as i cannot see the construction industry recovering for a good while yet

goldfinger - 07 Jan 2009 00:38 - 61 of 176

Looks like a solid short to me.

One of Winnies group of tipsters went short last week.

Think it was the top spreadbets outfit.

cynic - 19 Jan 2009 12:03 - 62 of 176

now heading south like a good boy! ..... shame i could not get my timing right, but now in profit

cynic - 19 Jan 2009 17:20 - 63 of 176

my target of 280, which could arguably be 260, now looking a def possibility in the near future

cynic - 23 Jan 2009 12:21 - 64 of 176

i banked my (decent) profit here a coupole of days ago, but sp now heading sharply south again ..... i suspect it is too dangerous to short WOS now (except with guaranteed stop), especially ahead of the trading update due later, presumably at or just before NY opens

Falcothou - 23 Jan 2009 13:10 - 65 of 176

Yes might end up like shopkeeper on million dollar trader!Does that mean you are now long ?

cynic - 23 Jan 2009 13:13 - 66 of 176

good gracious no ..... that would be close on suicidal ..... however, it just may be worth considering jumping in after the update at say 260 or a bit lower .... depends rather on how bad the numbers are

Falcothou - 23 Jan 2009 13:20 - 67 of 176

I suspect the market anticipates a rights issue, could try a long at the close pre numbers with guaranteed stop loss

cynic - 23 Jan 2009 13:33 - 68 of 176

glad it's with your money

cynic - 23 Jan 2009 16:13 - 69 of 176

just checked .... trading update is due on Monday
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