I think shareholders should take a deep breath and relax
This could potentially go lower but will not stay there. Now as I mentioned before this is undervalued and at worst fair valued.
In March 2020 my portfolio went down by 46% and did not sell a single stock. but I was fortunate enough to have a lot of cash in the sideline and absolutely killed it. I am quite certain I am not the only person who had that experience but I feel this might be one of those opportunities and I am not least worried. Just go through the entire portfolio and look at high net debt/equity equities and trim the position. The only way a company goes to zero is if there are stretched. For whatever the faults I find with WZR, their balance sheet is rock-solid compared to their expenditure.
Technical analysis is not my strong suit and you can potentially trade if you have the skill. I don't. I will try to buy as much as possible but after buying a few properties last year, I am a little short on cash. I am expecting this to last this year and plenty of time to accumulate more cash. Take a chill pill. Don't let others scare you from equity holdings. The only people I think should sell it are the top 5% of traders who are very skilled in trading. Also, don't believe this bogus 50C in 6 months BS as well.
Stay put and this will be taken over at some stage and probably can enjoy a little short squeeze in the process.
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
3.5¢ | 3.6¢ | 3.3¢ | $24.20K | 708.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35018 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 435389 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35018 | 0.035 |
2 | 381000 | 0.034 |
6 | 1001644 | 0.033 |
4 | 415700 | 0.032 |
3 | 683870 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 435389 | 6 |
0.037 | 635215 | 4 |
0.038 | 202622 | 4 |
0.039 | 180517 | 3 |
0.040 | 484089 | 9 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
3.4¢ |
  |
Change
-0.001 ( 2.86 %) |
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Open | High | Low | Volume | ||
3.4¢ | 3.6¢ | 3.3¢ | 346054 | ||
Last updated 13.38pm 17/06/2024 ? |
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