WOW has been overvalued like wesfarmers and coles. Wesfarmers...

WOW has been overvalued like wesfarmers and coles.
Wesfarmers and coles have had abnormal growth of 25% in profit.
This will have a counter effect on the share price as profits fall.

Companies should always be compared to their peers.
There are always rogue shareholders or speculators who will tell you different.
Share prices always fall back inline with values attributed to the market segment which they operate.

In coming month it will fall back to a long term trend of realistic pe ratios.
A pe above 20 is unrealistic for a retail stock.

I said Wesfarmers would fall at 55. Within 7 days it has fallen to 50 and will likely fall back to 27.
WOW will likely follow the same trend.

I predict in the June quarter there will be another large correction. If not a crash.
Low interest rate are a big red flag the economy is headed for a long recession.
Even though politicians claim the economy is going well this is really hyperbole. Banks are deferring loan repayments.
If the economy was going well there would be an interest rate rise. Its all smoke and mirrors.
Come December I expect another 200,000 unemployed. Governments like to keep things behind closed doors as I am sure you all know too well. Unless you are long term, it might be a good time to cash in.