Ann: Wisr Starts Q2FY21 with Record New Loan Originations, page-50

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17/12/20

11:23

Post #: 49647036
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Originally posted by tinhat: ↑

Yes and no. Different circumstances. PNV became subjected to a well publicised short campaign lead by Phil King at Regal Funds Management. At least he actually announced back in around Nov 19 that they were shorting PNV. He felt that the price had well overshot fair value for a pre-profit start-up biotech. PNV was priced to perfection it is true. What ensued was a massive tussle between the longs and shorts with COVID-19 thrown in for good measure. The company put out good FY results and has followed up with good results (turned profitable) but as you can see from the right hand side of the diamond the shorters were still beating the price down and accumulating no doubt. Once the short squeeze was on, boom the price has taken off again.

The similarities with WZR if we compare the two diamonds is that they occured when the companies were in start-up pre-profit phase; became market favourites and attracted a lot of trader interest; probably ran up too hard; became subjected to a battle between the longs and shorts (company going to punch the lights out, heading to $1b market cap versus company is all hot air and worthless cash burner).

I don't know if the WZR chart will follow the PNV chart trajectory but if WZR demonstrates that it is on a profitable upward trajectory and shake off the doubters it will rerate. News will drive the rerate.

PNV may have run too hard too quick for my liking. I took some profits but I might have been too early too!

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Thanks appreciate the response, lets just hope it goes up and not down from the diamond!

WZR Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.1¢		Change -0.001(3.13%)		Mkt cap ! $42.56M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.1¢	$46.88K	1.512M

Buyers (Bids)

No.	Vol.	Price($)
1	18484	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	744774	5

View Market Depth

No.	Vol.	Price($)
1	18484	0.031
5	1467700	0.030
2	789655	0.029
1	19000	0.027
2	36000	0.026

Price($)	Vol.	No.
0.032	744774	5
0.033	1087535	5
0.034	96774	1
0.035	115092	5
0.036	60460	4

Last trade - 16.10pm 26/06/2024 (20 minute delay)

WZR (ASX) Chart

Ann: Wisr Starts Q2FY21 with Record New Loan Originations, page-50

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Ann: Wisr Starts Q2FY21 with Record New Loan Originations, page-50

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