I'm a long term holder from way back...I don't believe in averaging down because at the end of the day you are still needing to put more money into a dropping s/price...so essentially imo your only spending good money after bad. I also think that at your now new average s/p figure of .oo8 that, that figure may not be reached for sometime to come or maybe never reached given that in my opinion nothing has really changed at WGL besides MW now being appointed. I think many astute investors will now be waiting for actual revenue streams to come in and not just on the basis of some hype up partnership announcement. As you may recall even MOQ in their ASX announcement stated that this partnership to them was not a material one.
I have relegated my shares to the bottom draw for now ... more so as a tax deduction if and when needed by me to do so....I also only invest what I can afford to lose.
WGL Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
