WPX is a junior company that tries to find a suitable partner to develop a huge potash mine and it's shares have been hammered down last week after some comments were made to the fact that no new potash mines will be build before at least 5 years and another release to the effect that WPX has ended talks with one of the possible partner.
The problem: nothing was new about these facts and shares have been greatly oversold. I expect a rebound around 1,00$ so this is still a good time to accumulate at a great price and even take some profit when WPX hits the 1$ again.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
The problem: nothing was new about these facts and shares have been greatly oversold. I expect a rebound around 1,00$ so this is still a good time to accumulate at a great price and even take some profit when WPX hits the 1$ again.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
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