I'm looking for a Microcap fund to lay some money on because this space is so beaten up right now, but the issue I have with WMI is that they are far too heavily weighted to cash. Unless the deploy pretty soon they are going to underperform. Their cash position has gone from below 20% to 40% since october, and the XSO is unchanged circa 2580.
I know Geoff is bearish the market, but the ASX indices say different.....
WMI Price at posting:
$1.26 Sentiment: None Disclosure: Not 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)