WKT 4.00% 13.0¢ walkabout resources ltd

Charting 2.0, page-899

  1. 2,588 Posts.
    lightbulb Created with Sketch. 526
    You’re not trying to tell me that it could be detrimental to the SP if some holders are trading the stock with parts of their holding to lower their average buy-in price or even try to reach free carry or is that simply against the ethics of the club of LT holders?
    Overcapitalising on a single stock is an entirely different story/problem, which certainly ups the risk on those who do, especially when it becomes a little tight at the exit. Sure they hope that everyone is holding on, but correct me if I’m wrong, but I remember reading that some holders wanted to take profit when the funding announcement finally drops. Did they change their mind and sold early or was it some smart guys
    getting in the sell queue before them?
    I simply am pointing out a few facts of life/trading when saying that after a 42% drawdown it takes about a 70% rise in SP to just get back to 45c. That IMHO not denigrating to anyone it’s just something large LT holders and true believers have to live with. They can dislike or hate traders all they like it doesn’t change what they have to go through, but even for them trading or pyramiding could ease the pain!
 
watchlist Created with Sketch. Add WKT (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
0.005(4.00%)
Mkt cap ! $83.90M
Open High Low Value Volume
12.5¢ 13.0¢ 12.5¢ $64.30K 507.9K

Buyers (Bids)

No. Vol. Price($)
4 40500 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 189200 4
View Market Depth
Last trade - 11.34am 02/05/2024 (20 minute delay) ?
Last
13.0¢
  Change
0.005 ( 8.33 %)
Open High Low Volume
12.5¢ 13.0¢ 12.5¢ 66506
Last updated 11.34am 02/05/2024 ?
WKT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.