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Post by huh on Oct 21, 2015 8:28:51 GMT -5
What an amazing move it's been for WTW with the news of Oprah's interest and involvement. And one of the few huge moves based on a fundamental news that IMO is probably very well warranted. Seeing technical resistance now ~19.55 (61.8 FIB & previous support). Above that is the 76.4 FIB & another horizontal support ~23.35. But a pullback from 19.50's down to mid-16's would likely set-up an iH&S for much, much higher. Something to watch out for Making this a separate thread
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Post by huh on Oct 21, 2015 8:31:31 GMT -5
Please remind us... I wasn't sure if you were being sarcastic (as in "Yeah, remind us we missed a double") or if you're curious about the news. So, JIC, the news is that O will buy a 10% stake in the company, with an additional 5% in options, as well as, a seat on the board. Oprah buys 10% of Weight Watchers, stock soars
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Post by novie08 on Oct 21, 2015 8:40:33 GMT -5
Actually, I knew about Opray and meant remind us when it goes to mid-16s for an entry pt. By the time us underlings knew, it was too late for the double so wouldn't have expected you to know. Unless, of course, you did know!
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Post by huh on Oct 21, 2015 8:48:13 GMT -5
Actually, I knew about Opray and meant remind us when it goes to mid-16s for an entry pt. By the time us underlings knew, it was too late for the double so wouldn't have expected you to know. Unless, of course, you did know! Nope, I had no idea. I wish that O would have called me first. It should hit today, but there's also a good possibility that it'll hit ~15 as an overshoot (target for small double-top yesterday & today).
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Post by huh on Oct 21, 2015 9:34:35 GMT -5
It tested the FIB support with the 16.52 LOD. I'm hoping it does an overshoot now to test the support ~15
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Post by novie08 on Oct 21, 2015 10:07:21 GMT -5
It's down over 73% YTD.
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Post by huh on Oct 21, 2015 10:14:36 GMT -5
Wouldn't it be nice though to now own 10% of the company at 6.79 with options to buy 5% more at the same price? Must be nice to be crazy rich. They do say it takes money to make money.
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Post by huh on Oct 21, 2015 10:23:58 GMT -5
Looks like the mid-16's was the spot for the swing long. Next upside target now ~18.
I'll be watching the close today. Hard to say what MM's have in store for this one since there's almost certainly some still caught short in it.
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Post by novie08 on Oct 21, 2015 10:30:14 GMT -5
At this point, feel like I missed the trade but who knows maybe it will double bottom today. If I buy, it's sure to reach $15... Remember, it hit $29.84 so maybe could see 50% fib...or just under $15.
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Post by huh on Oct 21, 2015 10:35:17 GMT -5
At this point, feel like I missed the trade but who knows maybe it will double bottom today. If I buy, it's sure to reach $15... This much I know...support is 16.50 now. If it holds that, upside could be ~100. However if it loses that, it could do just about anything to the downside between that and $5.
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Post by novie08 on Oct 21, 2015 10:37:55 GMT -5
Many thanks huh...that is why the LOD was $16.51 LOL. They love to mess with us.
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Post by novie08 on Oct 21, 2015 11:42:40 GMT -5
Hmmm. Heading for that double bottom so which way will she blow?
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Post by huh on Oct 21, 2015 11:46:57 GMT -5
Hmmm. Heading for that double bottom so which was will she blow? Down. Definitely down now. 15.50's minimum (intraday POTUS) Hedge funds are gonna play this one good, but that's OK. I wouldn't mind getting some under 10.00 if they are so inclined.
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Post by novie08 on Oct 21, 2015 12:02:17 GMT -5
At this point, feel like I missed the trade but who knows maybe it will double bottom today. If I buy, it's sure to reach $15... Remember, it hit $29.84 so maybe could see 50% fib...or just under $15. Sorry, this is wrong since the 52-wk. low was 3.67 so it's already exceeded the 50 fib.
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Post by huh on Oct 21, 2015 12:06:51 GMT -5
At this point, feel like I missed the trade but who knows maybe it will double bottom today. If I buy, it's sure to reach $15... Remember, it hit $29.84 so maybe could see 50% fib...or just under $15. Sorry, this is wrong since the 52-wk. low was 3.67 so it's already exceeded the 50 fib. The 50 FIB sits @ 16.50, and the reason why that's such key support
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Post by huh on Oct 21, 2015 14:39:40 GMT -5
15.50's hit. 16.50 now major resistance and I do expect it'll visit 14.90's yet.
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Post by huh on Oct 22, 2015 13:33:34 GMT -5
Seeing targets for <14.00 now (major resistance still @ 16.50)
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Post by novie08 on Oct 22, 2015 16:22:10 GMT -5
Seeing targets for <14.00 now (major resistance still @ 16.50) TG didn't buy this yesterday. Wouldn't have sense enough to get out. It's a bad sign when a stock is down on a day like today.
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Post by birthmark on Oct 22, 2015 17:20:11 GMT -5
8's here we come
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Post by huh on Oct 26, 2015 10:16:21 GMT -5
Seeing targets for <14.00 now ( major resistance still @ 16.50) HOD so far 16.49
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