Ann: Winsome to raise up to A$60m to accelerate Canadian projects, page-325

Well it's a month now and so I thought I am entitled to at least 1 post, though some had wanted to banish me for ever.

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Last time I wrote it was a genuine post. And see how some reacted. No hard feelings. It's the way it is. Some get lucky and start thinking of them as geniuses, instead of appreciating the lady luck. Oh well, we have to live with all.

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I wrote last time that WR1 does wild swings. Sometimes on daily basis, sometimes on a period. I had said WR1 has been very good to me, for over a year. And I said I play accordingly. And for those who do not understand and just play on sentiment, they tried to label me - a trader, a red heart - illogical statements trying to pander to holder sentiments. Some fell for it. Others are smart.

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So getting out from me to stock. What is happening? Since the last time I posted, it's down 20%. Recently it reached around 240. It has fallen 40% from there. Maybe some will now understand when I talked about wild swings. It happens quite often generally, and very often with WR1 - those who have played since 18c will know it very well.

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So is it matter of concern, this big drop? Yes and no. Yes, because it broke a lot of its support in 170s and is now in no man's land. So anything can happen from here, especially from where the next big support is below. But, looking back at history, many times it has gone much below normal, so nothing abnormal from that point of view. It did so at around 120 announcement some time back. And again. So it can come back again.

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Again coming back to big drop, why? Macro factor - sentiment is very weak and big talks of indices falling like 2008. It may not happen, but some are playing safe. Other reason is delay in results, some getting jittery. But over all I feel macro is more important.

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So have I bought? No. Why? I believe it is in buy zone but macro is uncertain. If we don't have 2008 style crash, there will be ample time to make a lot of coins. But if we fall, most stocks may decline, hence being defensive. I like the 150 zone though, I feel its at optimum range from a risk perspective. So very tempted and feel good value, so am watching, daily, every minute.

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Where I can it fall if something goes wrong- I really don't think it will go there unless there is bad news or markets tank. But if so 110 to 120.

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I wish you all the best, it's a good stock to hold, unless we get bad data, for now everything is pointing good. Hopefully I buy soon. All the best. And yes, I still expect some to crucify me for what I write, but I can live with it.