Too be fair the ASX is terrible for manipulation and 100% WR1 is being manipulated right now. Don't get me wrong I hate that we are small enough that we can be manipulated that it comes with having a low MC, low liquidity and low SOI.
But manipulation is purely done to screw the retailer and to make the rich even more rich. These games will keep getting played and they will try every tactic to squeeze every holder to sell at a loss. It also means that when they decide they want to make some money, the tides turn in the other direction very quickly. Not saying the Sp will hold but since the SP is being manipulated lower, despite fundamentals it really becomes a guessing game as to when the switch gets flipped. Yep 1.2mil on the sell side, some will be retailers but I would say half of that could get pulled in a second.
To me that just to big a gamble and unfortunately I'm not rich enough to get a cheeky birdie to say the game is back on.
All I can do is follow my plan of DCA and that means I would eventually buy some near or at the bottom.
WR1 Price at posting:
84.5¢ Sentiment: Buy Disclosure: Held
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