The market is irrational at the best of times. This BOD has hit every target and indeed over delivered consistently in the past three years. We are currently facing fab delays due to COVID travel restrictions, something completely out of the BOD control. Nothing else has changed. Let me repeat nothing else has changed. They still plan to fab this year and are maintaining that commercial deals are still being targeted over the next few months.
What we have at the moment is a combination of bed wetters with a short term view, selling out as they see their paper profits dwindle, and pip traders hoping to sell now and buy back in cheaper. A dangerous game if you ask me and not one I’m willing to play. One good announcement and we will be back testing previous highs no problem.
WBT is my highest conviction stock and I could not care less if it drops further in the short term. If it gets down to the SPP level I will be backing the truck up and bringing a shovel. GLTAH
Weebit - 2021and beyond, page-5401
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Last
$2.06 |
Change
-0.050(2.37%) |
Mkt cap ! $390.8M | |||
| Open | High | Low | Value | Volume |
| $2.12 | $2.19 | $2.04 | $1.797M | 856.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5840 | $2.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.09 | 4700 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| WBT (ASX) Chart |