WPI 0.00% 2.5¢ west peak iron limited

Better than Vtx, page-108

  1. 1,643 Posts.
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    My stock predictions are just as much wrong as much as they are right. I just strive to be a good stt'er like some of the other guns around here. But my gut feeling is that 0.022 is history now. I bought back in yesterday at 0.025 and feel confident that it was the right time to make my move. I like to buy stocks early before they really move and the main reason i think that 0.022 is behind us is that it was a solid base and i believe that big money will leave srt shortly after their acquisiton in jan/feb and flow into wpi. For me i couldn't accumulate at 0.022-4 quickly enough given such thin supply so had to up my price. Matthew walker has a solid cult following (theoretically, in my head, hopefully not just my imagination) who will shift their money from one shell to the next and that wpi will more or less play out like srt over time....But i hope an acquisiton is closer than we think.

    As for options, i am not interested yet. Although i am ultra confident that it will be in the money some time soon, the numbers don't stack up for me and options not yet in the money can be highly illiquid and risky. While mw has a decent record, there is still some risk of an unfavourable acquisiton as far as the market is concerned. For this reason is why i get into the heads early before the real speculation and cap growth occurs, but this is also the reason i prefer to stay away from wpioa right now. Some could argue that wpi could be at 10c soon, in which case buying and holding options now is a good forward looking hold, but again not my style. I like to stick to "stt sure things".
    Last edited by multiplier: 31/12/15
 
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