I'm happy to take a top up punt at 2.1-2.0 with cash holdings however if we see high 1's hit here (which some may or may not believe that I'm actually quietly hoping..) I'll be drawing down as much borrowed capital as I deem fit/can lay my hands on to throw at that opportunity as it presents here.
I choose to believe that there are somewhat uneducated people that invest in these shells who are being driven to question their recent decisions to buy and are succumbing to perceived pressure to sell into fear by overall panicked current stockmarket sentiment.
To me this is a very poor trading decision for them and a fantastic opportunity for me and others who support that theory or can see what is imo staring them in the face. What do you choose to see?
Wait.. What?? Borrowed funds?? Why?? Are you mad?? Well the latter is purely in the eye of the reader of this post. The afore, because a company that's currently worth practically nothing with a high likelihood of establishing near term opportunity for shareholders has far lower to fall than a company who is well over valued on paper in a market rank from manipulation over time that has effectively taken us to the delayed precipice of global market crash. Bandaids on broken bones only stems bleeding for a certain period of time right??
Opportunity knocks here and may knock louder and soon. Time for people to take hands off ears or heads out of the sand so they can hear how hard the knocking gets before they stop peaking scared through the peephole at the scary man and fling the fu%#er open to the risk/reward on the other side.
Each to their own I guess..
GLTAH
Boomington Burst.
WPI Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held