Although I agree, I just find it irrational by traders and investors around as STX goes red due to CR reasons, that our WGO plummets too.
Which begs me to question, is someone turning the wheels or is the market significantly undervaluing WGO
To prove my point: we were trading 30c range after the flow rate sell-off which could be fair value, however when STX's SP plummeted due to cap raise and SPP @ 23c, WGO followed suit. In fundamental terms, STX's CR should not have affected WGO's SP.
Besides instos are in at 29c, buy anywhere below the big boys and you'll be de-risked to an extent.
WGO Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
