...when did WHC break above its LT downtrend line drawn from July18 to Sep21 peak?
...yes, 21 Feb just 3 days before Russia invaded Ukraine.
...Oil and Coal were beneficiaries of the war, at the time I made those comments, no one could have expected the war to prolong this long...you must thank Putin's generals for their incompetence.
...dare you dream these prices would remain high for a lot longer? You have to wonder what price assumptions the Australian Govt used in their long term budget plan.
...Fact is if it wasn't for the war, Oil and Coal prices would not have been at this elevated levels.
...and yes, I do not like sectors that are beholden to outcomes of the war. I want the war to end sooner, but I do not like my financial interests to be compromised at the same time as I welcome that outcome.
...you must also notice that WHC is propping up its own share price with buybacks.
5 year view
https://www.tradingview.com/symbols/ASX-WHC/
...when did WHC break above its LT downtrend line drawn from...
-
- There are more pages in this discussion • 8,706 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)