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
3.3¢ |
Change
-0.002(5.71%) |
Mkt cap ! $45.30M |
Open | High | Low | Value | Volume |
3.2¢ | 3.4¢ | 3.2¢ | $69.36K | 2.153M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 415866 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 999251 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 415866 | 0.031 |
5 | 1467700 | 0.030 |
1 | 100000 | 0.029 |
2 | 47000 | 0.027 |
1 | 8000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 999251 | 1 |
0.035 | 438207 | 8 |
0.036 | 72460 | 5 |
0.037 | 200367 | 3 |
0.038 | 196122 | 3 |
Last trade - 15.57pm 24/06/2024 (20 minute delay) ? |
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WZR (ASX) Chart |