Woolworths

arabianights · Jan 18, 2008

I just put £20/point on them... most I can possibly lose is £180. I'm intending to keep the trade for a year or so, so effectively this is a leveraged medium term investment.

Reasoning: Essentially mean reversion; They're so crap already that it's hard to imagine them getting much worse, even with our cruddy retail sector (numbers out in half an hour btw). It's fairly easy to imagine them getting a lot better. Of course you can imagine the share value halving, but you can see it trebling just as easily.

Now... Would anyone like to convince me I haven't just lost £180?

wasp · Jan 18, 2008

arabianights said:
They're so crap already that it's hard to imagine them getting much worse......

theroguetrader · Jan 18, 2008

" Woolworths "

Thats as bad as (March) Easy Jet -

They used to have a cool record section in the old days tho -
never been too keen on that Stelios guy -

fibonelli · Jan 18, 2008

Bargain basement when you compare market capitalisation to sales

Value should come out on a 2 to 3 year view. If not, you'll lose most or all.

theroguetrader · Jan 18, 2008

fibonelli said:
Bargain basement when you compare market capitalisation to sales

Value should come out on a 2 to 3 year view. If not, you'll lose most or all.

and ive never liked that horrible orange colour - corporate branding at its worst...
was Picasso big on orange..?

DaxDestroyer · Jan 18, 2008

arabianights said:
I just put £20/point on them... most I can possibly lose is £180. I'm intending to keep the trade for a year or so, so effectively this is a leveraged medium term investment.

Reasoning: Essentially mean reversion; They're so crap already that it's hard to imagine them getting much worse, even with our cruddy retail sector (numbers out in half an hour btw). It's fairly easy to imagine them getting a lot better. Of course you can imagine the share value halving, but you can see it trebling just as easily.

Now... Would anyone like to convince me I haven't just lost £180?

IF you personally like to shop there, it might be a good trade. IF you just buy as you think, it might be cheap, you just lost 180 pounds

theroguetrader · Jan 18, 2008

DaxDestroyer said:
IF you personally like to shop there, it might be a good trade. IF you just buy as you think, it might be cheap, you just lost 180 pounds

I think the last time i shopped there was to buy a Duran Duran album maybe... -(they were big in the day) -

DaxDestroyer · Jan 18, 2008

theroguetrader said:
I think the last time i shopped there was to buy a Duran Duran album maybe... -(they were big in the day) -

So you must have been there years after(!) my last visit

theroguetrader · Jan 18, 2008

DaxDestroyer said:
So you must have been there years after(!) my last visit

:cheesy:

shadowninja · Jan 18, 2008

Bottom picker warning. Don't shake his hand!

arabianights · Jan 18, 2008

Dunno if that's quite fair, I have very nice smelling fingers...

I'm not trying to pick a bottom, so much as pick a value where it is plausible the share price will exceed in the future. Actually, I might go and have a look in Woolworths now, nothing much seems to be happening at the moment, after all!

arabianights · Jan 18, 2008

Yep... can't get much more crap.

shadowninja · Jan 18, 2008

So, it's fallen further? Might as well average down.

ETA: for any newbies reading that piece of advice. Ignore it. Buying more of a stock when it's falling generally will wipe out your account.

arabianights · Jan 18, 2008

It may or may not have fallen further, I'll only check it weekly or so. I was referrring to the contents of the store (complete tat). On the other hand, the customers appeared to be grannies, sexual deviants, and chavs, which I see as an expanding market.

Edit to add: I'm losing 90 pence on the position atm

shadowninja · Jan 18, 2008

Ahh!

Sexual deviants is an expanding market? So you're saying long sexual deviants? I don't know if I can. Nor would a granny make me go long.

theroguetrader · Jan 18, 2008

arabianights said:
It may or may not have fallen further, I'll only check it weekly or so. I was referrring to the contents of the store (complete tat). On the other hand, the customers appeared to be grannies, sexual deviants, and chavs, which I see as an expanding market.

I can quite clearly remember a MASSIVE queue outside woolleys when i was in school - Duran Duran were number 1 and the record section was always booming.(back in the days when music mattered)

Why DO the chavs go in there.? Ive wondered that..? :-0

arabianights · Jan 18, 2008

theroguetrader said:
Why DO the chavs go in there.? Ive wondered that..? :-0

Same reason as the grannies - for the sexual deviants.

shadowninja · Jan 18, 2008

To ply them with wares or to be touched?

Oops, I see the line behind me. *steps backwards*

fibonelli · Jan 18, 2008

Time for extreme bottom feeding

Buy Order 3.49p, stop 1.99p, limit open :medieval:

theroguetrader · Jan 18, 2008

arabianights said:
Same reason as the grannies - for the sexual deviants.

Woolworths used to be good for camping equipment too, could camping be making a comeback..?

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