Everyone invests their hard earned money in shares to profit from shares. Short sellers only target good businesses and short sell their shares for a few dollars profit by rumourtrage and fear mongering tactics.
WOW profit has not halved and half their stores have not closed. WOW has revenues of $61b and profit of $2.45b and has almost 200,000 employees.
If price drops to ridiculously low levels then a foreign company might try to take over a great Aussie company.
Regarding your comment on blowing thousands on pokies - Investing in WOW shares is actually indirectly investing in one of the largest owner of pokies machines in Australia. WOW shareholders benefit from the pokies machines too.
Warren Buffett owns shares in Walmart and he made his fortune by investing in share not by short selling them.
Happy new year and be positive and look at the brighter side in 2016.
New 52 week low, page-146
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Last
$34.08 |
Change
0.330(0.98%) |
Mkt cap ! $41.63B | |||
| Open | High | Low | Value | Volume |
| $33.88 | $34.08 | $33.74 | $37.88M | 1.114M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11564 | $34.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.08 | 2878 | 2 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| WOW (ASX) Chart |