Bet you weren't saying that when we surged to $23.00 late february. Most smart traders sold off at that level and bought again after the double bottom late March, which gave about a $20.40 entry, a nice $2.60 profit before brokerage on each share you own. At today's prices they have gone up another $1. Sell now? Not yet (IMHO - I'm no broker)
WDC has had a great run from November / December last year when it was around $18 - $19 and hit $23 at the end of Feb about 3 times, plenty of warning that the run was over. Prior to that she's been fairly steadily channelling upwards in what look like stairs on the (weekly) chart, more reliable that most blue chip I'd have thought. I couldn't see cause for it being labelled a dud at present, it has recovered a dollar, but I would expect a continuing at this level or even slightly lower for some time while it consolidates that last (December) run.
Only my opinion though, but it was what you requested.
Cheers
- Forums
- ASX - By Stock
- my worst performing blue chip stock
Bet you weren't saying that when we surged to $23.00 late...
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WDC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online