G'day Johnny,
Yes I enjoyed the kick up today but it only took me back to a breakeven price with WEB.
Still it limited my portfolio loss to -0.14% when the allords fell 2%, so it was helpful to me psychologically.
I tried to work out what my loss would have been but my calculator's memory is on the fritz so bugger it - guess would be a loss of 0.25% without WEB rise.
I am not sure if it has, more higher, to go, but when I bought it in March I thought it was on the way up. Still, I thought that last year when I bought it and my sell stop rushed to greet me far too soon!
I think the market reckoned that WEB would be following FLT down, and I was also concerned but held my nerve, and am pleased I did so. FLT fell 3% today - so that = a rise for WEB of 14% which is not to sneezed at.
If it is to go higher I think that the general market needs to go higher as well. Today just saw the price recover to where it should have been perhaps? How long is a piece of string?
Regards,
WEB Price at posting:
$3.39 Sentiment: None Disclosure: Held
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