because waf has had such good gains this year there will be a considerable amount of holders willing to cash out and lock in profits, especially if they have tax losses in other stocks which is likely given the volatility this year. Waf is always going to be best candidate to sell because there is always uncertainty about west Africa and the direction of the gold price and you can always buy back in when the price will start to move again.
this is actually a predictable pattern for waf, it dives in June every year. It’s an easy trade for those that have been following the stock for the last 5 years.
WAF Price at posting:
$2.29 Sentiment: None Disclosure: Held
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