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Hi FK, yep, 250p gave way at last, it might come back down to retest it as a floor, and if it does then that's an opportunity to buy again. (The market is often quite patient in allowing buyers to get in at better prices.) However its has played around a few times recently at going through 250p and then coming back, so the ship may have sailed. However if 320p ish is the next target then there is still good profits to be made from these levels. Personally in the next 12 months I expect to go to all time highs of 380p plus. If anybody has been reading these exchanges and felt like buying but didn't, then the lesson with all stock picking is, you have to pull the trigger. You can't be paralyzed by inaction. If the stock hits a price where you had mentally decided to buy and when it does you then think, "ooh, it might go a bit lower, i'll hang on" then in my experience you will miss the chance to make better margins. And that's important, because obviously you have instances where it does not work out and you loose on the trade so you need to make it where you can. Just my opinion.
Cut through 250p like well ahem a knife and holding above 280p mid into the close. Those who didn't buy at the 200p to 220p probably now have faces that would stop a clock even though I think there is value here still to be had. With a 9% rise today alone there must be some temptation to take profits but I intend to hang on for some time.
the 250p is acting as relatively strong resistance. its midway pretty much on the RSI indicating its neither over or undersold which just means that there is plenty of latitude for buyers or sellers to move the stock without triggering a bounce after that (potential) move. So, where are we? Well I always figure if a share ain't going up its going down, so the longer its stays at this level the more likely it will retreat back into the trading range. If all this sounds equivocal it is, because charts are only an odds game, nothing is certain. But more chance of retreat than further upwards move at this juncture, (on the other hand.......)
OK, so who is holding this back with all the poxy single and double digit sells every time it takes a small step forward?
DT
I see what you are saying on your resistance points but they are going back quite a long time (oct) personally I see a move up to 320p but as always, it will never be a straight line. Anyway, so far so good.
Easily through 250p and a pleasing amount of buying at higher levels. Can it hold above 250p. Next resistance could be 280p once we breach 260p on mid price.
Well, it tried twice and failed to go higher than 250p so that's the next step. I agree the price swings are larger on this stock than many which makes stops harder to calculate. Anyway we will see. its just an odds game
Well Wyn we are now through 236p and your theory will be therefore tested. I don't expect much resistance at 250p and WOSG tends to make large sweeping movements rather than ticks up or down. 300p will be more of a test and that is where I see the company going in short order.
Having had a look at today's trades I am baffled by the small trades. Investors are going to need a lot of time on their hands to realise any profit on these!
Also on chart basis if it can break through 236p (and its not a particularly tough resistance point) it should go to challenge 250p. If 250p goes then its a sizeable price breakout, and given the volatility of this stock I imaging in those circumstances it will move dramatically. So only my opinion, but 237-240 would be a good entry point as 236p would become a floor with an assault on 250p most likely
The latest Bond film features an omega Seamaster specifically made for the film. its priced at approx. £7k on the wosg website and will attract a lot of buyers i'm sure. This relatively high level of disposable income product rarely sees long dips in trade and I think stock at around these levels could be 50-10% higher in 12 months. (I only mention the Omega as rolex has typically longer lead times)