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
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $38.65M |
Open | High | Low | Value | Volume |
2.8¢ | 3.0¢ | 2.8¢ | $9.043K | 319.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 64813 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 64813 | 0.028 |
3 | 248518 | 0.027 |
2 | 338460 | 0.026 |
4 | 533413 | 0.025 |
1 | 45400 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 40000 | 1 |
0.030 | 584631 | 3 |
0.031 | 426774 | 2 |
0.033 | 54877 | 2 |
0.034 | 267613 | 2 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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WZR (ASX) Chart |