Surprisingly, most of the commentary in recent months on the WBC threads has been trader focused, (trying to find the odd dollar here and there) - reportedly a lot of new traders out there since Covid!
I have no problem with anyone trying to preserve capital or actively managing their portfolio but trying to second guess the market in regard to macro events such as in the Ukraine is fraught.
There can often be a speedy reversal of initial reaction (within the day sometimes) if something does happen and of course many get caught out with unexpected reversals after a sell down due to an "event" or the threat diminishes.
(It is only on HC you read of all the investors that managed to sell right at the top and buy right at the bottom.
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The overall market is gonna do what it is gonna do and I am sure many of us have been through quite a few market meltdowns and recoveries and unless you're trading it is just business as usual, notwithstanding any market correction may have an effect on someone highly leveraged!
Macro events do of course often throw up opportunities to buy quality stocks cheaply which occurred recently during the Covid sell down and even then we had posters sounding the death knell for banks completely disregarding the oversold nature of the market and particular companies. They usually point to a past high for the stock, but fact is most people didn't buy all their stock at these highs
Naturally it is always a good idea to have some cash ready for those opportunities and perhaps reduce stocks which have matured (for you) however fundamental analysis of WBC suggest it is still undervalued compared to its peers.
Financial performance is sound with evidence of rising costs halted and should see demand for this stock increase with continued good dividend yields.
Disregarding a possible overall market meltdown I see little compelling reason to sell WBC at these levels unless you need capital or have evaluated better opportunities.
Always a chance any stock will go down, but hard to win if you sold every time chicken little was out and about.
Trading is a different matter, so feel free to try and time the market......................
(20min delay)