It's def a good idea to remind yourself that the WIN SP is very clearly being manipulated down. This isn't positive thinking or super-optimism - it's reality. An example is the 250,000 shares right now (among others) listed for sale at $0.59c. That would NEVER execute, and that's the whole idea. A lazy investor/speculator would look and see 'oh gosh, there's 1 million units for sale, but only 472,000 units on order!', but a closer look shows it's classic ASX sell-walls. This fake downward pressure is probably aligned with a swing trader's intentions.
The intent is to put fake downward pressure on the SP. Normal traders like you and I can't even put a bid that far out (we'd have to set triggers). And our trading platforms will pick up that it's obviously a fake sale, and wont even let us post it. So it stinks of manipulation, for those who can.
The ASX needs a lot of cleaning up.
WIN Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
