boring stock, but nice divie..., page-2

re: boring stock, but nice divie...any followers? Volumes increasing for this one...

Big swings in the XAO today, along with a very good volume supported intra-day recovery...so if you reckon the XAO will keep rising, the WLSO options provide pretty good leverage.

I grabbed some today...an amount I can afford to convert...and will hold for at least 1 month.

I see this as a hedging play for me, given that my portfolio is currently at 80% cash in preparation for a correction in the XAO...if it doesn't come, I will be partially covered by my WLSO exposure

Technically...WLS appears to be testing breakout levels which were last tested in mid January...short term possibilities include a breakout or double-top.

Fundamentally...among other things; trading at a big discount to it's NTA of $1.18; 5c dividend due (ex date 14/4); on market buyback underway and; their particular stocks (including some shorts) are performing well.

The shares have never hit $1.04...and today the $1.03 line was wiped out.

Could get interesting.

Cheers!