Wood Group (john) Share Discussion Threads

[juju43] 16/1/2008 12:29

we are now at the bottom of the uptrend channel and rsi is lowest in years .has to be a buying opportunity

[tripehound1] 16/1/2008 11:58

I am long too and looking to add, like you, but hard to read the bottom. Agreed this is a superbly run co and long term i think as safe as it gets. We just live in difficult times at the moment. Suddenly most oilers seem to out of favour and over done.

[juju43] 16/1/2008 10:53

well there you are .my daddy said never to catch falling knives and i should have learnt.
very oversold now and i am sure will bounce soon . agree dow is a worry for everything

[wendsworth] 16/1/2008 10:32

dextroisomerism: Did you buy in at the 380?

WG is currently trading around the 363p level and with more 'bad news' said to be comung from the U.S. banking sector later this week ....its still a policy of 'wait and watch' for me.

[juju43] 16/1/2008 09:26

nope i am long from 373 and just added at 367. patience,this is a good outfit. i have traded several times and it has never let me down

[tripehound1] 16/1/2008 09:20

juju, Easy to lose money did you mean or are you short ?

[juju43] 15/1/2008 17:43

still easy money here.

[nobbyk1] 15/1/2008 17:30

cheers slim thinking of topping up

[slim9] 15/1/2008 14:52

19 December John Wood Group PLC ("Wood Group") Pre Close Period Trading Update for the year ending 31 December 2007Wood Group, the international energy services company, issues the following pre
close trading update for the year ending 31 December 2007. The preliminary
announcement of the results for the year will be made on 4 March 2008.

[nobbyk1] 15/1/2008 12:36

anyone know when next news is due out plz.

[juju43] 14/1/2008 20:53

oversold and bouncing as i expected.easy money

[money_maker08] 14/1/2008 20:09

dex... how would u compare wg. with CAPE? or even PFC. I thought the latter is a strong performer with strong H1 results. Surely CAPE is a better buy then WG.?

[dextroisomerism] 14/1/2008 20:06

They seem to get support which won't let them go below 380 - if they get down to that level again, I will buy in.

[wendsworth] 14/1/2008 10:21

Somewhat volatile at present.

By way of example :-
392.5 on the offer @ 09.34 : 384.25 @ 09.51 : 3.91 @ 10.13.

If you feel its an opportunity to buy then set a limit and walk away for the medium term is my advice !

[swanddot] 13/1/2008 23:05

Might I suggest another worth a look.

Lamprell(LAM)

[wendsworth] 13/1/2008 17:36

dextroisomerism: Noted. I'm pleased that you'vee underwritten your AMEC investment . I agree that in the medium term there is upside with AMEC particularly with regard to the Nuclear waste issue. What was the gist of the FT comment?

The good thing about both the AMEC and WG. bulletin boards is that comments are limited in number and most contributors appwear to be genuine .

If the DOW continues to weaken over the next two months or so , doubtless the anticipated slide in global markets will provide some very good buying opportunities and AMEC and WG are two such companies.

[dextroisomerism] 13/1/2008 16:19

Wendsworth - I sold 10% of my holding in AMEC - very positive comments about AMEC in the FT yesterday.
WG is a quality company. I suppose that if I am waiting on the side to buy in, there are thousands like me - so they may not drop much further.

[tripehound1] 12/1/2008 18:00

Lets hope so

[inishj] 12/1/2008 16:21

on support at 382 and 14 day rsi lowest in years - big move up coming

[wendsworth] 12/1/2008 15:17

dextroisomerism: I still think this share has further to fall in the short term despite it falling some 50 points over the week .

The market has yet to factor in the DOW's further fall yesterday ...DOWN another 246 points .

The questions I'm asking myself are :- why buy these back NOW ? Why not wait ?

I do hope you took my advice to box in some of your AMEC profits as that share has fallen some 38 points over the week.

If the DOW continues to fall at such a relenting rate the impact on global markets is obvious . Unfortunately in such circumstances normal trading logic foe specific shares tends to be forgotten!

[inishj] 11/1/2008 10:28

looking good so far

[inishj] 11/1/2008 09:54

dont like falling knives but had to buy some

[inishj] 11/1/2008 09:17

rsi back in buying territory

[dextroisomerism] 11/1/2008 07:41

Wait and watch is working. I thought I had missed the chance to buy in, but the recent drop has now made the price very tempting.