JayWin, I like your optimism, I admire your confidence to keep buying, and I share your belief in WEB as a great company that’s just going through a hard time.
I would just add a few sobering points that I’m sure are going through everyone’s mind.
1. The aphorism that’s getting a lot of airplay now: markets can be irrational longer than you can remain solvent. 2. There seems little difference between topping up on the way down and catching the falling knife. 3. WEB is a great company based on its fundamentals. But those fundamentals are exclusively related to travel. If this virus keeps going and becomes a long-term issue, those fundamentals are clearly at risk, so logically that affects the “greatness” of the business.
If you’re cashed up and don’t mind waiting for a long time to see a profit, great. But that time seems to be getting longer by the day.
The hindsight bug eats at me all the time. I’m averaging $12.50 but now regret my top-ups above $12. Will you regret buying at $9 if it goes to $7? Especially if your cash reserves dwindle and WEB stays down for a long time, forcing you to sell?
WEB Price at posting:
$10.12 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)