FGL

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3.6¢ frugl group limited

Bounce on Monday?, page-17

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JWB1985

4,018 Posts.

63

06/11/16

15:24

Post #: 20403104
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Originally posted by Kooyong04 ↑

Sorry Jas - your sentiment (& many others on this thread) is totally mis-aligned to the what is of key importance - i.e. market sentiment, which misguides you all in thinking why is WGL is down 30% in recent sessions and sitting back and scratching your head why.

At the end of the day, market sentiment is the ONLY criticality that is important to make money on the share-market.

You may believe in a stock, believe in it's management, it's unique value proposition, and, and, and ...however, for any stock to trade beyond the "hype factor", the company requires some substance in what they are doing - namely business fundamentals. WGL does not have this (yet) and may not even obtain it ...so in a stock like this you need to be extremely cautious in how you play it.

They may have some good ideas, even some good tech. But unless they can confidently show a plausible path to revenue and thus, profitability ...the informed market will mostly disagree and wild swings in SP from announcement to announcement will likely occur burning many shareholders along the way.

This is not a down-ramp by any means - but rather, perhaps look at it as a lesson learned on how to view a stock before taking a position in it regardless of personal views and ones own investment strategy.

At the end of the day, we are always learning, and I too 20 years ago, had also learnt the hard way in how I viewed a company. Sometime the best way to learn is to by losing a lot of money as I once did all those years ago and to seek out why so as to not fall into the same trap again.

All the best...

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People using that philosophy would have sold ZIP at 70c (and seen it then go to $1.4), NOR at 2c (16.5c) and RAP below 2c (55c). Wangle may never be successful but it's a bit early to start dissecting the corpse with 20 years of hindsight.

WGL Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $3.776M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.6¢	$4	102

Buyers (Bids)

No.	Vol.	Price($)
1	100000	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	1513	2

View Market Depth

No.	Vol.	Price($)
1	100000	0.029
1	100000	0.027
1	50000	0.025
1	160000	0.023
1	22730	0.022

Price($)	Vol.	No.
0.036	1513	2
0.040	8000	1
0.041	28900	2
0.042	15338	2
0.050	8733	1

Last trade - 11.49am 09/08/2024 (20 minute delay)

FGL (ASX) Chart

Bounce on Monday?, page-17

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