If someone bought into WAF with a highly leveraged position with a long term view and didn't anticipate that the stock could pullback to the mid 80's then they shouldn't be trading IMO.
No offense to anyone here that might have done that but it was always a very real possibility. The weekly chart and daily chart both show that.
The other issue was then they bought the peak in the POG. Even after its insane rise. If they were happy to pay that price with a view to 6 or 12 months time as a long term hold it's not much of an issue at this stage.
So yeah i'm going to call absolute nonsense on a highly leveraged position at the top or a severe lack of experience. Either way not people we want giving advice on this stock.
If someone bought into WAF with a highly leveraged position with...
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Last
$1.61 |
Change
0.055(3.54%) |
Mkt cap ! $1.654B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.61 | $1.55 | $5.360M | 3.354M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3320 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 154418 | 7 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| WAF (ASX) Chart |