One way of describe a ferromagnetic material is the Heisenberg hamiltonian
$ H = -\frac{J}{2} \sum_{<i,j>} $S$_i$S$_j$
where $J$ measures the interaction between spins (positive for ferromagnetism and negative for antiferromagnetism) and S$_i$ is the Spin operator in the site $i$.
The Ground state has all spins aligned in the same direction but lowering spins to $S-1$ is not an eigenstate of the hamiltonian. The correct eigenstates are Spin Waves in which the perturbation travels across the lattice.
One usually visualizes this waves as a precesion around the $z$ axis where each site has a phase difference with its neighbours. Here is when I start to get confused.
I understand that the existence of a Spin Wave lowers each site's spin by a unit so that, if the system was in the ground state where $s_z=S$ in every site, now each site has spin $S-1$.
If this is correct... can there exist spin waves in lattices with $S=\frac{1}{2}$? I don't understand how this would happen if the spins are supposed to precess the $z$ axis.
I would be grateful if someone could clarify this precession picture and explain if it needs S to be large.