I probably should be clear that I don't think its a buy at current levels but its too dangerous to short.
Also think it will head north of $40 this year, due to investors chasing stocks with yield and growth.
None of us should underestimate the amount of money flowing out of cash deposits and into the market. The ASX is trading on a market PE of 14.5, if this returns to pre GFC levels of 16 and above all boats including WES will continue to rise.
where to from here, page-14
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Last
$72.60 |
Change
-1.460(1.97%) |
Mkt cap ! $82.34B | |||
| Open | High | Low | Value | Volume |
| $73.89 | $74.38 | $71.78 | $304.4M | 4.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 791 | $72.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $72.60 | 978 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| WES (ASX) Chart |