WSA 0.00% $3.86 western areas limited

AUD 69.88c. Nickel up 2.7%. multiplier effect., page-2

  1. 1,511 Posts.
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    Unfortunately people dont see the company fundamentals that way at the moment and its all fear/greed playing havoc. This is heavily shorted stock and nothing else seem to matter. Sure the market sentiment isnt good but shorters are doing more harm than good. This is a good company unfairly targeted by shorters. I first bought back in April when shorters had about 1.5% of stock but now it is over 6%. Fundamentals have not deteroriated but market sentiment did and shorters took advantage of that rather than bringing down to a 'fair value' which hedge funds do. This is undervalued but do not know how to call if we are at bottom.
 
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Currently unlisted public company.

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