Well said Gusman regarding the fundamentals. WSI looks set to deliver a huge FY20.
The supply has to run out sooner or later... there are just currently too many traders and not quite enough investors IMO.
It will probably start to run once almost everyone has well and truly given up!
I was watching the price action today and it seemed to me like quite a number of traders got sucked in and sized up too much early on at 2.5/2.6 expecting a test of 3 cents only to be left with no choice but to dump into 2.3 and then (only a little) at 2.2 at the close. These traders are intraday depth traders only and couldn't care less about the fundamentals or that they are buying at resistance and selling at support.
The AGM is on Friday and there hasn't been a contract win announced for a very long time so I too expect news in the near term.
Well said Gusman regarding the fundamentals. WSI looks set to...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.30M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $7.943K | 59.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34554 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 45570 | 1 |
View Market Depth
| Last trade - 13.07pm 11/07/2024 (20 minute delay) ? |
| WSI (ASX) Chart |