This is a stock that will do your head in if your stubborn enough to still be holding from the IPO days. If your not still holding, like me, it will still do you head in, trying to find a safe re entry point. I suppose between my partner and myself, I capitulated after losing around $30,000. Now I'm stalking WLD with a view to re enter, to get some sort of poetic justice from what was, after all, a dud IPO. But it's a hard call, the shorters have got a sniff of weakness about the strength of the WLD management, concerns over the pricing of the IPO, and the mechanical issues which have beset WLD. Personally, I can't see how any management team can stuff up one of the sexiest investment themes going forward, " Protein to Asia" but this seems to be the case, at least in the short term. All I can say at the moment is the SP didn't stay under .70 for long last week. Maybe that where the line has been drawn, but I can tell you straight , if I do enter around here, it will be with stop losses blaring and an eye on the exit.
WLD Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
