I can understand your logic that people will cut losses to effectively offset their tax gains. But IF i had a portfolio as such whereby I had money in different mining stocks IE: Iron Ore, Copper, Gold, U308, Zinc, diamonds, and then other industries IE: Diversified financials, health, property, FMCG, banks, etc
I'd be selling out of property, Gold and others first and then trying to buy back in to U308 and Zinc which clearly have extraordinary macro 'demand' pulls from a Global perspective.
To put in perspective, ZINC lme supplies keep dwindling, yet TZN (which has a JORC compliant 55mill lbs of ZINC high grade) gets pummelled. WME is the same. Ditto WMT.
Warren Buffet and George Soros saw value in companies where other's or the market don't.
I say to you and all - RESEARCH. Research your companies and also Research WME. You'll find value, upside here = WME.
Anyone's thoughts on these matters?
My take on WME - "manipulators" - someone wants 1mill of shares, to make $1mill
PS: Rocket - not slamming you - just discussing things.
Cheers D
WME Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held