Well i had planned to buy on open today based on my post yesterday and looking at it again last night.
I saw Telstra looking to hire and spend more so gave some confidence in the sector.
While 16c and 20% gain may seem like I missed out big time - on a 3-5 yr horizon with increased earnings and multiple it wont.
As such i have taken a little nibble today at 97.5c.
Will continue to nibble away over the next few months.
No one knows the bottom - but i think now the initial panic in the market is over the market will start to look at indiviual companies. Those with a lot of debt will suffer so you may have 2 in the same sector with very different outcomes from here.
With guidance re-affirmed, its not impossible - but i'd be surprised if we made a new low below 80c.
UWL Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held