While its good for the price to pull back, the chances of it pulling back to under 4 (as you said, like BRN) are extreeeemely slim IMO. Nothings impossible, but there would have to be a range of things happening for that to happen imo.
Some clear differences- the product is different
- memory market and demand for WBTs product is already commercially established, and are increasing- wbt has some clear milestones set out and these are expected by EOFY.
These are less clear in the case of BRN, which make for a very different situation for WBT.
so, while there may be a case for saying it is ahead of itself, it is probably much much less so than in brns case.
Full disclosure i am invested in both, more in wbt than brn, and i like to look to the benefits of both, and while there are similarities, it is worth seeing the differences too. I sold a parcel too early in brns case (1.20 odd), coz i thought it was getting ahead of itself. And it then went to 2 whatever. Personally i still think $1 to $1.20 is a more reasonable proce for brn atm, so i have re-entered. So there you go. But, i wouldn't be betting on less than 4 for wbt. 5.50 maybe in a doldrum... But again, we probably wont be seeing that coz of the milestones.
but each to their own. Good luck with your strategy.
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