Hi Night Stalker yes i did get the change over back to front, however either way the value holds in most circumstances. At .45 they will most likely look to be a stronger stock and I think this is the reason the company did the adjustment.
Chartists adjust the data so that it balances out and looks the same over years. If OZgem is correct and they start diluting that would be a shame, however i am not that strongly into fundamentals so not that sure of the companies history.
Ozgem it seems you are pretty angry with WMT and their management it would also seem you may have been stung in the past. (me too) but took a loss and got out, chart wise though looks to be making a come back and with Uranium coming back into favor WMT or the new name may do well. However I purchased on a technical view point, yes it is in a down trend over the longer period. However has been trending sideways for a while now. I was watching a lot of accumulation occurring at .043 through the market depth when i brought in at .044. There is strong resistance at .05 soon to be .5. I feel that this is about to be smashed, and yes most chartists would wait for the break through however, I look for the potential early and if wrong exit quickly.
- Forums
- ASX - By Stock
- WMT
- where is the cash going?
WMT
western metals limited
where is the cash going?, page-11
-
- There are more pages in this discussion • 12 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 WMT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online