I think shareholders should take a deep breath and relax
This could potentially go lower but will not stay there. Now as I mentioned before this is undervalued and at worst fair valued.
In March 2020 my portfolio went down by 46% and did not sell a single stock. but I was fortunate enough to have a lot of cash in the sideline and absolutely killed it. I am quite certain I am not the only person who had that experience but I feel this might be one of those opportunities and I am not least worried. Just go through the entire portfolio and look at high net debt/equity equities and trim the position. The only way a company goes to zero is if there are stretched. For whatever the faults I find with WZR, their balance sheet is rock-solid compared to their expenditure.
Technical analysis is not my strong suit and you can potentially trade if you have the skill. I don't. I will try to buy as much as possible but after buying a few properties last year, I am a little short on cash. I am expecting this to last this year and plenty of time to accumulate more cash. Take a chill pill. Don't let others scare you from equity holdings. The only people I think should sell it are the top 5% of traders who are very skilled in trading. Also, don't believe this bogus 50C in 6 months BS as well.
Stay put and this will be taken over at some stage and probably can enjoy a little short squeeze in the process.
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $52.12M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.8¢ | $33.41K | 860.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41711 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 411327 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41711 | 0.038 |
2 | 146358 | 0.037 |
4 | 939261 | 0.036 |
2 | 321934 | 0.035 |
1 | 300000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 411327 | 2 |
0.040 | 153063 | 2 |
0.041 | 248802 | 3 |
0.042 | 204372 | 5 |
0.043 | 286410 | 1 |
Last trade - 11.14am 27/05/2024 (20 minute delay) ? |
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Last
3.7¢ |
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Change
-0.001 ( 6.09 %) |
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Open | High | Low | Volume | ||
3.8¢ | 3.8¢ | 3.7¢ | 148539 | ||
Last updated 12.57pm 27/05/2024 ? |
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WZR (ASX) Chart |