Forum Archive Index - February 2003

["Rory Macewan" <macewarory@student.vuw.ac.nz>]

Anyone game to pick a stop for the whs. Down 35 cents this mornin to
5.85. My highly precise charting technique (a ruler) says that the
warehouse haven't been to this level since roughly spet/oct 2001. Is
the market's punishment driven by the fact that the warehouse
'shouldn't' (in investors minds) have sluggish sales growth/little
growth in year on year profit because as Snoopy mentioned, profits,
when ignoring  the one off aus restructuring costs, are pretty close
to analysts forecast. Or maybe the Mum/Dad investors the Warehouse is
known for have little predisposition for sticking it out?. Is there
something i'm missing because when the tide turns on this downward
spiral it looks to me like a pretty good opportuinity.
 
I find it interesting that the whs is having such a large affect on
other retail stocks, especially MHI which has already reported solid
sales but a week ago. Is this small investors getting some kind of
mega-jitters or is there a more logical explaination?

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