Can one say u are bearish re WES on HC these days? I hope all opinions are welcomed and discource is civil.
Readers know i have shorted WES a couple of times in the past was lucky enough to make profits. That was when the stk was around the $26.50 mark in August.
Have not held/traded since then, while watching the WES SP climb and climb during the past 2 months. I thought it wouldn't break $30 and when it it hit 31.10 i opened a short position. Missed the break thru $32 but opened another short at $31.94.
I don't follow WES very closely but have read through several forecasts and analsis... and can only reach one conclusion: 'The downside is far greater than the upside'.
Holders of WES these past 9 months have done exceptionally well. But ask yrself: Do the fundamentals justify a SP in the $31.50-$32 range?
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Last
$84.57 |
Change
1.170(1.40%) |
Mkt cap ! $95.92B | |||
| Open | High | Low | Value | Volume |
| $83.48 | $85.05 | $83.33 | $147.2M | 1.772M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 467 | $84.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $84.68 | 2273 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| WES (ASX) Chart |