Again, I've increased my short thanks. Trade the range a bit too (sold $53.16 and bought a little back $52.16 already today, leaving me shorter overall). I have nothing against Wisetech. Its a great company. Simply very clearly over-valued against its own forward earnings/revenue guidance. Retail investors of course know better than those silly brokers with their $30.50-46.00 valuations (and those pumped up to accommodate the trading premium).
Wisetech has withstood the US tech sell down quite well I must say. However a stock always eventually has to grow to its earnings multiples or the stock come back down to reality, tech or otherwise. Its difficult shorting a stock you once owned, hence I rarely do unless they hit silly multiples. Worked well in Afterpay, BHP, Fortiscue and RIO for me.
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Again, I've increased my short thanks. Trade the range a bit too...
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Last
$131.59 |
Change
-0.050(0.04%) |
Mkt cap ! $44.03B |
Open | High | Low | Value | Volume |
$130.67 | $132.30 | $129.57 | $7.621M | 58.16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 30 | $131.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$131.70 | 33 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 238 | 132.060 |
1 | 34 | 132.050 |
4 | 22 | 132.040 |
10 | 289 | 132.030 |
1 | 5 | 132.020 |
Price($) | Vol. | No. |
---|---|---|
132.170 | 34 | 4 |
132.180 | 8 | 1 |
132.190 | 17 | 2 |
132.200 | 6 | 1 |
132.210 | 46 | 2 |
Last trade - 11.36am 18/09/2024 (20 minute delay) ? |
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WTC (ASX) Chart |