You won't see me complaining over a lower entry point here at this stage anyway..
People second guessing why they bought and likely panicking and cutting losses. Big volume flowed through on the up but a lesser percentage has flowed back out.. So maybe there's more to come..
It is arguable that the human emotive factor plays as much of a role as the technicals.. They actually kind of work hand in hand really.. Or are the technicals purely a reflection of human emotion?.. I don't know really..
However you look at it there's value here now imo. There may be further value next week too.
If the tolerance isn't there for volatility at this end of town then sure thing move along.. Otherwise look to take advantage of weakness where you see it as you see it.
MW & co have a very strong track record and there are a lot worse places to be playing right now.
I think I'm going to stop posting here for a bit now too.
Doesn't mean I'm selling anytime soon though..
Good luck to all who know why they are here.
WPI Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held