WTC is pretty expensive with PE around 128. That's why it was sold down like crazy when it was around 23 all the way to just under 15. I think it was partly due to shorting action too. I got out of WTC long ago when I bought it for around 6 and sold at 10. I have recently got back in and it was not too pretty. However, I have been selling it on the bounce and bought back on the dip around 15-16. I think the pop to 19.42 was short covering action. We don't know if sellers will bring this back down to around 16 again. This probably depends on the sentiments on tech stocks in the next few weeks. I have set stop loss order to keep the profit in case it goes under 18 again.
The devil is the US market. They have such inflated market that the volatility is crazy. And they influence our market here. So, selling on a big pop and come back to buy lower seems a better idea.
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Last
$117.41 |
Change
2.230(1.94%) |
Mkt cap ! $39.28B | |||
| Open | High | Low | Value | Volume |
| $115.35 | $117.41 | $114.77 | $60.56M | 519.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16 | $117.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.44 | 120 | 1 |
View Market Depth
| Last trade - 16.15pm 21/07/2025 (20 minute delay) ? |
| WTC (ASX) Chart |