Woolies-Time to enter??

[platsak]

Is it time enter long?

[earlyret]

you been watching summit??

[Mr_Bean]

At this price there is huge value, although it could still drop a bit more. I entered yesterday. Support was at R12.30-R12.40, but I see it went through support, probably only due to the masive purchase that went though at 17H00. If rates stay unchanged, this one is a definate re buy. I went straight from work yesterday and bought 2 roast chickens from Woolies.....go you boy!

[#4]

Mr Bean be careful with the Zip ,don't catch Mr Willie on the way up LOL

[#5]

Would be a screaming buy imo if they could split their clothing and food divisions. I would certainly be interested in buying into the latter. I think one should always be wary however as although Woolies has got great food products we all enjoy, they are catering for a certain niche sector of the market and don't think that Pick n Pay will take all of Woolies success lying down, which may be a better share to own at it's current levels around 3000 to 3200 if you can get them at that price. Pick n Pay isn't as volatile for a longer term investor. WHL is now trading at Sept 2006 levels. Hard to break a trend, but it does look tempting if it turns up.

[Tango]

Mr B - that huge transaction at exactly 5pm is the closing auction. Happens on every share.

[Tango]

What was said on Summit last night about WHL?

[Wizard]

What happened back in 1998 that all retailers and Banks sold off like now?

[platsak]

Wizard. Do you think its the smart money leaving town before the storm?

[SimonPB]

russia defaulted on debt that lead to the emerging market crisis including a melt down of the asian tigers.

[Wizard]

For all it's worth everything goes up. My call is short to medium term up and in the long run down.

[Ega]

Yes, this time round the USA does not want to falter on debt, they just want more debt

[#13]

yeah but could still be very choppy waters ahead, either I was dreaming or watching the telly while sleeping but Im sure I heard something about credit card crisis is about to join the elite group of sub-prime crisis??? anyone can confirm this?

[SimonPB]

TZ, credit card crisis. Wouldn't this be more expetced and as such better provisioned for? As apposed to bad home loans a surprise due to the low quality of those getting loans (in truth the surprise was that anybody was surprised, but they were)? Also maybe smaller, house way more expensive, albeit a house can be sold to pay for part of the debt. But ceratinly credit cards are a problem, I got family in the US and they get a couple of cards every month int he post, just call a number to activate. When thy went on holidayover christmas they just picjked up one of the envolopes and used that card (they selected the one with the best design - go figure).

[asylum]

and the slide continues.

[john_1]

did you say family, like hillbilly or like a distant uncle you met once when you were 3.

[#17]

Does Woolies still have a poor reputation with it's Suppliers? Cancelling orders, dropping a Supplier for another etc. I have heard several stories in the past in this regard. Perhaps in their quest to attain the highest standard they have hurt a few people on the way. In our area there is a medium sized Spar that does incredible business and I suppose it also is a case of what is convenient, cheapest and also what is the flavour of the month.

[#18]

in my area we have a woolies food, checkers, spar, and the fruit and veg at checkers and spar is just not edible, in fact its disgusting so I am forced to go to woolies and pay a little more for my supermodel fruit and veg... i wonder how many other ares experience this?

[#19]

No Woolies in our area. :( Pity as they have some great food products. The only other store around here is a Large Pick n Pay Hypermarket which sucks from all aspects. So the Spar in our area is the best. As far as Pick n Pay is concerned I am disappointed as they should keep a standard through all their stores like Woolies.

[#20]

Simon, what happens when my woolies installments hit 0?