Welcome to the classic buy low sell the buy low sell high game. If you have the fund, you never lose. When people are absolutely scared, the share price is falling like a dropping knife and the company is making a lot of profit, it's a no brainer. One just buys more slowly and it will violently erupt to the upside once the shorts have to cover and ones with new money jump in and those with FOMO jump in. Frankly, it's a bank. The drop is only between 10%-15%. It's not like some of the other stocks that could drop 40% then jump 120%. The action of the shorts amplify this move otherwise you never get a 15% drop on a bank.
WBC Price at posting:
$21.76 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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