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WSA western areas limited

0.00%

$3.86

AUD 69.88c. Nickel up 2.7%. multiplier effect., page-4

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DSD

15,975 Posts.

68

25/09/15

09:47

Post #: 16058000
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Originally posted by DSD ↑

' This is a good company unfairly targeted by shorters.'
Undoubtedley short sellers watch the cancer in commodity prices and use the macro to make money. I do it myself eg with RIO. 2 comments. RIO is a full 40x the size of WSA!! hence, short selling has a far more pwerful effect on WSA SP esp as liquidity is far less.

But you can use this situation to yr clear advantage. Assuming it is oversold then going long at today's price of $2.23 is likely to produce rewards. But you must have faith the fundamentals stand up even in a situation where Ni price drops even further. Otherwise, stay on sidelines and wait for SP to show upward trend. Few people buy at the bottom but if you jag it the returns are massive.

Anyone planning to buy a few today, the last day of trading week?

Expand

Site showing the massive rapid drop in AUD. Move cursor along graph and you'll get rate for any day you choose.

http://www.xe.com/currencycharts/?from=AUD&to=USD&view=1Y

WSA Price at posting: $2.23 Sentiment: Buy Disclosure: Held
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0 Great analysis

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AUD 69.88c. Nickel up 2.7%. multiplier effect., page-4

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