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not that I am a experienced trader or anything like that, but...

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161 Posts.

18

21/06/21

05:59

Post #: 53956066
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Originally posted by Simplynaive123: ↑

It's obvious for even a naive person like me that some of the dw8 stock holders are wishing and/or wanting the dw8 SP to go down in order to top up or average their shares as they may have sold their shares recently in a panic or may have missed the boat to top up their shares last week or may not have topped up enough. I think the dw8 SP has recently underwent an unexpected and an abrupt over-correction, resulting in a marked drop in it's SP. This is most likely related to psychological reasons and the 'games' played by some would-be investors, and NOT due to any change in the company's fundamentals. BTW, the chart earlier posted by bustermove18, of a short-term target of 0.105, is a very conservative estimate I think. In my opinion the upward trend of the dw8 SP to reach it's realistic estimate has just started last Friday and will likely continue the whole of next week, irrespective of what happens to the SP of other companies listed on the ASX. Please, DYOR.

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not that I am a experienced trader or anything like that, but given the fact that there have been multiple million share purchases last week, I wouldn't be surprised if someone played funny games to get in cheap, let's hope you are right and we go back to where we where and should be.
happy Monday!

DW8 Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
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