One of the minuses on WBT's side is the fact newsflow is rarer than pharma which doesn't help the cause in limiting the brokers and sweatshops on their crusade of controlling the momentum of a stock.
This action we are seeing is quite incredible, 5% daily swings on near matching volume, today i would imagine they have made significant inroads with accumulation though as we can see the BNPL stocks have created an absolute frenzy of action within the dogpoo sector as a whole, i am picking they have accumulated well over 500k shares today at significant discounts to what they can see coming on the back Fab and customer announcements, another thing to point out is these groups and brokers don't have an urgency to see news, they are happy to keep accumulating and suppress the SP for as long as it takes, especially when they are convinced the news will be exactly what the company is suggesting to be forthcoming.
All in all I dont think Coby will be all that worried in seeing the $2.50 action we are in at the moment anyway
Weebit - 2021and beyond, page-5223
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Last
$2.04 |
Change
0.050(2.51%) |
Mkt cap ! $385.3M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.04 | $1.97 | $500.2K | 250.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6582 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 495 | 3 |
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| Last trade - 11.55am 19/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |