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Watchman, MC are earning plus no good news around for WOSG things will get worse before they get better regarding economy.
Was feeling sore, he brought these at £9 +
Ade, I agree the omens are not looking good right now and you have consistently been bearish on WOSG. What makes you think this is going sub £2 when you have never posted this before? Is this just a case of you swimming with the tide as I've never seen you back any of your 'predictions' up with any facts or research.
Since they last bought they must be feeling a bit sore about sitting on what have become 40% losses, and market may well dismiss it as papering over the cracks again anyway. US consumer as resilient as ever, S&P500 near to ATH so fed decision may well not touch sides here. With wider luxury market stable too, it really needs a WOSG specific catalyst imo to turn it around. Hard to see that coming right now.
I can see a potential trade or two before that scenario; obviously feasible bounces here and there, depending on what the Fed says, rate cut talk etc, but I would have expected to have seen some inside buying by now.
I mean, if they do not put their hands in their pockets at these prices, then why should anyone else?
The trouble with Money is he was very bias because he had a lot of money in WOSG and was deep underwater, so he would just paint a rosy picture.
I predicted this drop last year and i now think sub £2 is possible.
It's a shame, because he sometimes comes out with some fair points. Nothing wrong with sharing different ideas and opinions, after all.
If he can learn to control his impulsive responses to disagreements, then it will probably be as much to his own benefit as others.
Anyway, looks like you got in a bit too early, for once, Mary.
Good to know you make mistakes occasionally too :) You are still a better trader than me though (which is not difficult, granted!), but I did have another look at this one after I saw you had taken a position.
Hope it comes good for you and your fellow holders here. It is on my radar, but I still do not fancy it right now.
Which probably means the bottom is in! GLA.
In one respect his posts were actually quite useful, forget the Wace shorting or Bucherer overhang, when a nutter like that is bullish on a stock time to dump it like a hot potato
I think the thought police caught up with him.
Question for you Mary on our Pharma BB.
Against my better judgement as it could go to 250p - the bounce will happen. I liked the tie up with Ameican Express - recovery sometime.
https://www.yahoo.com/lifestyle/american-express-centurion-watches-switzerland-060000328.html
I just dropped in to say Hi, but there’s no sign of him, just tumbleweed blowing!
No inside buying, no bounce and the chart looks weak, IMO, too.
Maybe a retest of that low 360's level might give a double bottom and then a slow ascent back up from there?
I think low 300's might be tempting for a short trade, but it may not happen of course. Not one for me, right now, either way. GLA.
Had a go yesterday, this is just too volatile
PE ratio is now around 7 and I think they have given the market their worst case scenario. IMO if any improvement is flagged up in the near future because, say of interest rates dropping or because people are buying luxurious watches instead of physical gold to diversify, the sp could rise sharply. Let's hope so...
High-end watch prices (for Rolex, PP, AP, for example) seem to be stabilizing, so there's some hope WOSG has seen the worst. Rolex acquiring Bucherer might pose a more systemic risk to WOSG, however. Not really sure. One thing I'm hearing is some new watches are now appearing 'under list' on the grey market, and some less desirable brands are even being offered at a discount to their retail price at ADs (including Omega, Breitling, etc.).
My guess would be the instant your buddy shark sells
You can see the strong contrast between their H1 and H2 performance within Watches and Jewellery in terms of Organic growth on 2022
Q1 +11%
Q2 +14%
Q3 +3%
Q4 + 3%
Fashion,Perfumes and Cosmetics being the areas that held up well for them in their second half
The trading Update here did indicate similar picture
"The festive period was particularly volatile this year for the luxury sector, with consumers allocating spend to other categories such as fashion, beauty, hospitality and travel."
LVMH posts record results and increases dividend. Hopefully this good news in the luxury sector passes down the line to WOSG and the SP starts its recovery tomorrow.
https://www.lvmh.com/news-documents/press-releases/2023-new-record-year-for-lvmh/
I fancy slapping him around this board today?
Bit of a recovery, Money you’re bedsit might be safe this month if this keeps up.
Money this is getting boring. Just tell us you're gutted and be honest and I will stop posting here. Whenever you average down its always plan B so never something you relish.
And well you're confessing about how you really feel, also take take that opportunity to confirm that you should of listened to me and wish you had sold when I told you to.
I'm looking forward to this moment of honesty.
The way its going, it might see £350 today!