WFL 0.00% 0.3¢ wellfully limited

Some basic analysis. Today's volumes were2.8c - 5%2.7c - 85%2.6c...

  1. 104 Posts.
    Some basic analysis. Today's volumes were

    2.8c - 5%
    2.7c - 85%
    2.6c - 10%

    observations include:

    - all 2.6c trades were at end of day
    - about 5 million volume of 'buyers' @2.7c moved to
    2.5c and 2.6c just as 2.7c was taken out in the morning. IMO may indicate that many are fake at 2.5c and 2.6c right now.
    - sophisticated investors bought @2.3c with free oppies (effectively around 1.9c/share)
    - announcements make this SP go crazy

    IMO SP will continue going down to price paid by sophisticated investors, unless there is a positive announcement. With 3M due in Feb 1, I suspect the announcement will either be 3B (SP goes down) or something unknown.. teeth whitening perhaps? (SP goes up)
 
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