also,low volumes again today - waiting for the dow to take our...

also,

low volumes again today - waiting for the dow to take our hand and waltz us around again?

I think so much WOW has changed hands over the last week that all the new buyers aren't keen to get out - like me they haven't got big losses already and like me they might just buy more.

presumably most sellers will have taken a loss or break even due to WOW being at 2008 prices , so they'll be hoping it goes to $23 when they'll get back in to try to recoup. all in all I don't think there is a great danger of it going under $23 without some major influence.

I'm actually considering buying some WMT on the NYSE if the bear market continues for 6 months and the AU$ acheives parity as 'predicted'. Similar stats and situation to Woolworths, also priced cheaply (though not as cheap) - good PE, PEG, P/CF, PS ratios. WOW's P/S is also very good incidently. If the AU$ is at 1:1 and WMT is in the $45-50 range it might be a good buy?