Hi flight11- some one recently mentioned that those shorting may be carrying their 'go nads' around in a wheelbarrow ??
Me thinks at this point in time a 'front end loader' may be more appropriate.
I was once a Designated Trader for a Broker and with one slip - took a duplicate order-a small quantity- to sell . ( one had been on market for a month- I did not research enough -a deadly sin -silly me) .The stock showed a little interest and both sold about 5 minutes before market closing... I tried to cover even after hours and of course word got around and it cost me $5k+ -out of my own pocket... Had to report a short sale to the ASX etc etc ... a scary situation...A real 'underwear changing' situation----That stock was a super minnow compared to AVR.... but an example of what can happen if one 'short sold'. Mine was an error - seems current shorts are deliberate.
.
Also there was expected announcement on the stock I was involved in.
They are not playing with fire - they are playing 'Russian Roulette' with 2 bullets in the chamber. My opinion of course - Wonder who, if anyone is advising them . Also wonder who allowed the shorting. Not all Brokers will go with shorting.
From my research and understanding WBT could call a Trading Halt at any time - bingo........ Oh well hope they have deep pockets.... and also wonder what they set their -falling market- 'buy in' price at . ? When one looks at the monthly high/low price there is little room for profit v risk ?
An example - you short say 100,000 at $1.80 =$180,000. Trading Halt --- and super news --- stock opens at $ 3.00 = a possible loss of $120,000
-- that is if you can get the stock to cover your short position........There is no limit as to what you can loose
All IMHO -
I smell burning rubber.
Keep safe
.
- Forums
- ASX - By Stock
- WBT
- Weebit - 2021and beyond
Weebit - 2021and beyond, page-7856
-
-
- There are more pages in this discussion • 2,368 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WBT (ASX) to my watchlist
|
|||||
Last
$2.00 |
Change
0.000(0.00%) |
Mkt cap ! $377.8M |
Open | High | Low | Value | Volume |
$1.98 | $2.06 | $1.97 | $1.887M | 940.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 25401 | $2.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.03 | 23000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 25401 | 2.000 |
1 | 3700 | 1.995 |
2 | 10054 | 1.990 |
2 | 2263 | 1.985 |
11 | 25264 | 1.980 |
Price($) | Vol. | No. |
---|---|---|
2.030 | 23000 | 1 |
2.040 | 10000 | 1 |
2.050 | 487 | 1 |
2.080 | 6550 | 2 |
2.090 | 6500 | 2 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
Featured News
WBT (ASX) Chart |