The system would not let me post so tried without 'Reply' button
Hi mcbj at 18.06 today ...................134,006 WBT shares short at 1-3-2023. I do not believe in general ' .. institutions buy so as to lend out to shorters...' Some institutions do lend out but in most cases the shares they lend out are shares they have held for ' long term'.
Having been employed in the Broking Industry - many many years ago - I know there is, I believe, too much emphasis placed on 'shorting'. Especially WBT - only a 'FOOL' would short this stock, without some other form of protection, Why:-
Please all note - this is an example of what COULD HAPPEN:-
Let us assume the 134k shorter sold shares at $8.50 (near top today) and at 8.30am tomorrow the BoD of WBT call a halt to trading with the announcement ' The BoD of WBT seek a Trading Halt pending an announcement of a major event/decision /etc...... ' My wording.
Stock frozen, - buys/sells can be put on market - but not acted! As one would expect - with all the past talk the pending announcement builds up the buy side $$$$$$$ with sellers seeking more $$$$$$$$. The shorter has 3 days to cover --- oops ? The 134k shorter needs new underware- lots !
My view on todays action-- the stock had risen on the assumptions of ASX 300 - the USA presentations-other recent anns., - the much awaited news ????? and 'The Market' got ahead of itself, with day traders/investors/algos/ etc etc.
Ask yourself - what has changed within the Company? Nothing that I can see- just us/we -the shareholders' mind sets ?
Keep safe all .
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Last
$2.55 |
Change
0.120(4.94%) |
Mkt cap ! $481.4M |
Open | High | Low | Value | Volume |
$2.49 | $2.65 | $2.46 | $3.607M | 1.405M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 8185 | $2.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.55 | 14261 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8185 | 2.530 |
6 | 19214 | 2.520 |
2 | 4664 | 2.510 |
2 | 650 | 2.500 |
2 | 5100 | 2.480 |
Price($) | Vol. | No. |
---|---|---|
2.550 | 6422 | 1 |
2.580 | 4000 | 1 |
2.600 | 11573 | 3 |
2.610 | 221 | 1 |
2.620 | 1000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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