WOW 0.70% $34.21 woolworths group limited

WOW VS IAGWOW sp is getting stable, big boys are accumulating...

  1. 257 Posts.
    WOW VS IAG
    WOW sp is getting stable, big boys are accumulating and waiting for the annual report.
    WOW is defensive stock and price is pretty much predicatable
    which is running in the range between (low $25-30).
    WOW may hit low $25 but extremely unlikely.
    IAG is still going south,I don't think the sp is going to recover as soon as you expected because it takes time for big boys to smash the price and accumulate then go north.
    During these period you may be hurt by another correction from US market.
    Also I would say there is much more uncertainty in IAG insurance business unless you have enough knowledge to forecast and manage these under your control.
    I would rather do as much as I can in low risk area (WOW) than do little bit here bit there in high risk area which I can not fully control and estimate the potential risk.
 
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