lol WOW is chronically overvalued on a share price view vs it's fundamental intrisic value.
But just because the share price is overvalued, doesn't mean it will correct anytime soon.
Just look at another chronically overvalued share: CBA.
Given overvalued, i would not be dollar averaging downwards, buying more (since it is overvalued), but at the same time for me anyway I don't short, solely on the basis the market can remain illogical longer than you can remain solvent.
So in essence, I prefer to follow Warren Buffet, let the 'catch come to you'.
So with WOW share price dropping, but still over valued, I am happy to just sit on the games ground, waiting for that perfect pitch before I strike.
Happy on the sidelines, with no exposure, my capital safe, and that pitiful WOW dividend doing little to offset current share holder losses.
WOW Price at posting:
$30.81 Sentiment: None Disclosure: Not Held
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