Covid-19 and WZR, page-3

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mcgaffen

3,268 Posts.

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04/03/20

12:49

Post #: 43299893
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Originally posted by hopeful2: ↑

Charliesea,

The reason people change their opinion is very simple ... they don't! The negativity expressed by certain posters on here is clearly an effort to suppress any forward momentum in the SP simply because they have buy orders at a price lower than the current SP. It is called Downramping. It is rampant on HC and is very obvious. Those downrampers want back in but want to get their shares as cheaply as possible (naturally). WZR is 50% off the highs of just a few days ago and in a balanced argument it could be stated that the highs were due to overbuying. If Covid-19 was responsible for WZR's crash (and it is!!) then logic would dictate that the drop would have been around 25-30% (not 50%). Valuations factor in many things, including sentiment, and so I expect that when sanity returns WZR will rebound impressively. I note that China has already begun clearing the docks and are shipping again, albeit at a slower pace than previously, so things WILL eventually return to normal. This is NOT a GFC, it is something that will correct itself within a very short space of time.

So when you filter out the disingenuous comments about the SP going even lower the reality is that there is still huge demand for WZR shares....lots of people sitting on the sidelines. Once this starts recovering, the recovery will be swift and sizeable. The negative posters know this. They want to buy but do not want to pay the current SP, even though they know it is already cheap! That's what greed is. IMO we are very close to the bottom now and we will see a tentative recovery very soon BUT I accept that sentiment possibly could take the SP . However, I am certain that those who buy at the current SP will be very happy they did before the end of the month. Ignore the "noise" and base your trades on logic. GLTAH.

Disclaimer: WZR has been on my radar for a long time and I see the current situation as a good buying opportunity but will choose my entry carefully.

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You say a lot of reasonable things - except - calling a buyer wanting the best price 'greedy' is rediculous.

WZR Price at posting: 15.5¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 2.9¢		Change 0.000(0.00%)		Mkt cap ! $39.81M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.9¢	$1	34

Buyers (Bids)

No.	Vol.	Price($)
2	219868	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	402034	3

View Market Depth

No.	Vol.	Price($)
2	219868	0.028
2	275337	0.027
1	100000	0.026
2	113413	0.025
1	40000	0.024

Price($)	Vol.	No.
0.029	402034	3
0.030	2454149	4
0.031	300000	1
0.033	3257	1
0.034	267613	2

Last trade - 10.09am 10/09/2024 (20 minute delay)

WZR (ASX) Chart

Covid-19 and WZR, page-3

Metals Australia kicks off multi-project drill run sniffing for gold and critical minerals

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Red Mountain Mining: record gold prices, two projects, two greenstone belts

Aruma sniffs high-grade copper, antimony at QLD's Fiery Creek

Anax and Artemis ink MOU to progress copper processing hub in WA

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Buyers (Bids)

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Covid-19 and WZR, page-3

Top Stories

Metals Australia kicks off multi-project drill run sniffing for gold and critical minerals

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

Red Mountain Mining: record gold prices, two projects, two greenstone belts

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