I think alot less than other factors in play at present. Wow imports and sells locally, so in effect its terms of trade have declined. Add to that that interest rates have declined so one would assume overseas interest in our currency/income returns have also declined. so on both aspects - negative.
Me an CK disagree on price, i think WOW should be in the 28 - 32 range, perhaps i'm hanging onto last years SP range too much. WOW has been not doing what it usually does, this last wk, neither acting as a safe haven when the mkt declines, nor advancing with the general market on rises. I think its understandably profit taking due to its strong rise since this time last year.
The makro stuff is the biggi. I think the US Fed has laid a lie, and i reckon they are going to use the ruse of "we're not telling u what we are doing" so that the can increase QE in the short turn, all the while 'suggesting' that they are lowering it. I think they will then produce some good numbers so as to indicate that the mkt is 'getting better even though QE is reducing.'
If they carry out that bullshit, the mkt (supported by media glove puppet reporting) will take off again and our mkt will shoot up with it.
Note, i have never been a shorter, but have made a bit of money shorting WOW this last month. Would like to be long August (depending on price)
neil66
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Last
$33.43 |
Change
0.080(0.24%) |
Mkt cap ! $40.83B |
Open | High | Low | Value | Volume |
$33.35 | $33.44 | $32.98 | $69.23M | 2.076M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1 | $33.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.44 | 837 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 33.430 |
2 | 251021 | 33.400 |
1 | 149 | 33.380 |
2 | 2502 | 33.300 |
2 | 659 | 33.260 |
Price($) | Vol. | No. |
---|---|---|
33.440 | 837 | 2 |
33.450 | 23442 | 6 |
33.470 | 7480 | 4 |
33.480 | 12353 | 3 |
33.490 | 300 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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