I generally like to see 2 small bounces off a major drop with...

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Warnie

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19/01/19

13:13

Post #: 37163609
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Originally posted by rae915 ↑

Originally posted by Warnie
Just reading the annual report seems this company is also into property development.

I don't have a real issue with it other than inherent risk, but I do take issue when funds are being used to fund a director's own development:

24 Prowse Street Pty Ltd On 12 June 2018, WestStar announced that Distinct Developments Pty Ltd (“Distinct” has secured a management contract (the “Contract” for the design and construction of a commercial mixed-use building (the “Project” in West Perth, Western Australia. To fast-track the development, Distinct made a working capital facility (“Facility” of $750,000 available to the owner, 24 Prowse Street Pty Ltd, for the purposes of assisting with the property settlement, design consultants, development approvals, rates and taxes. The Facility is provided with an interest rate of 10% per annum payable to Distinct with a 36 months’ maturity period. Mr Mark Dimasi is a director of 24 Prowse Street Pty Ltd.

Anyway this one came up on my charts so here to trade the trade.
Warnie...may I ask what was the trigger on your charts for you to take notice?
and what was the trigger to buy?
Trade secrets? ...hope not...would really like to know.

My self....I noted the jump some weeks ago...and subsequent fall back in SP. Looked at potential, and hoped that world economy wouldn't upset the apple cart as I purchased a small stake at 1.4cts.
my trigger was fundamentals and fallback in SP. You used the charts?...would really like to know answers to my above questions if you have the time and inclinations . Always looking to learn and / or confirm.
thanks
rae915

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I generally like to see 2 small bounces off a major drop with volume at least 3 x the norm for past 3 months.

I'll give u some examples when I get a bit more time cheers.

WSI Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 11.5¢		Change 0.005(4.55%)		Mkt cap ! $14.13M

Open	High	Low	Value	Volume
11.5¢	11.5¢	11.5¢	$23K	200K

Buyers (Bids)

No.	Vol.	Price($)
2	222181	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	173466	1

View Market Depth

No.	Vol.	Price($)
3	431558	0.021
3	2022800	0.020
1	1500000	0.019
1	2500000	0.018
3	1034800	0.017

Price($)	Vol.	No.
0.022	32000	1
0.023	590453	2
0.024	973228	2
0.025	1307107	5
0.026	1381770	3

Last trade - 10.22am 05/11/2024 (20 minute delay)

WSI (ASX) Chart

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I generally like to see 2 small bounces off a major drop with...

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