Australia's largest stock trading and investment forum Australia's #1 stock forum

WKT

Click for more information

1.09%

9.3¢ walkabout resources ltd

Disagreed Max, I do take your posts on board and have an...

First 1040 Last

Share
Profile

Follow
Krisako

370 Posts.

183

30/08/19

09:51

Post #: 40235651
Share

Originally posted by MaxAction: ↑

Sure Roostar, but you are not talking about the fair value established by fundamental analysis and so is used by fundamental investors to justify their investment in a stock. You are talking about the SP as it might present itself in the charts over time and what someone might be willing to pay per share at that time.
June 2018 Book Value was 6c per share and a year earlier was 10c before that 13c and in 2015 it was 22c, so you might see the reason for early investors to jump on. I would still suggest that hardly anyone of these guys here would have done a true fair value analysis!

Anyway I'm glad to be guided by TA and go with the market sentiment towards the stock and ride the ups and downs as they come along, rather than adopt the going "buy and hope" strategy used by many!

Expand

Disagreed Max,

I do take your posts on board and have an unbiased view. However

Typically from an investing sense the the longer you hold an investment the more exposure you have to appreciation. This definitely applies to WKT in my view. No point chasing the 5c when the $50 note is in full site, it just requires patience.

WKT Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

4 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

There are more pages in this discussion • 2,441 more messages in this thread...

First 1040 Last

Add WKT (ASX) to my watchlist

(20min delay)
Last 9.3¢		Change 0.001(1.09%)		Mkt cap ! $62.42M

Open	High	Low	Value	Volume
9.4¢	9.4¢	9.3¢	$21.50K	230.8K

Buyers (Bids)

No.	Vol.	Price($)
1	3956	9.3¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	41622	1

View Market Depth

No.	Vol.	Price($)
1	3956	0.093
2	51897	0.091
4	68737	0.090
1	51245	0.089
2	58000	0.088

Price($)	Vol.	No.
0.094	41622	1
0.095	10314	2
0.096	59293	2
0.100	5000	1
0.105	343296	3

Last trade - 11.43am 04/11/2024 (20 minute delay)

WKT (ASX) Chart