WHA jumped from about $1.60 to $2.78 in like a week on expectation that China Accreditation was to be finalised in November 2017. The announcement came out in November saying 'within 3 months'.
WHA has no cash flow so its priced as a growth stock hence speculative. This fall or correction is expected. Not sure how some on here will just defend it blindly as if its only going to go up.
Short term or at least once China Accreditation comes back into play expect the correction to continue. Investors don't like uncertainty and that includes delays no matter how long or short it is.
WHA has the ability to jump from $1.60 (present price) to $3+ if China Accreditation comes close...or the market sees this coming in the short term (2 weeks).
If WHA cannot get Chinese Accreditation (which would be a Black Swan event) its going back to its IPO price.
Great trading stock. Last time it was a great trade was when the 56c placement shares were about to be issued when WHA went from $1 down to about 78cents in 2 days. Of course it recovered. Going from $2.78 to $1.60 is a 43% correction so much larger than the $1 to 78cents occasion.
Hoping to pick back the units I sold when the 'within 3 months' announcement came out.
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