What do you think - there are 6.5m shorts outstanding. Dropping the price before big announcements helps them twice.
1. Makes their short positions more valuable.
2. Makes the stock cheaper to buy back when they cover.
What would you do? Think about it.
Anyone selling into this is a fool and about to lose a lot of money. All IMO, DYOR etc.
Until CH lets us down, he hasn't.
Be patient.
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Last
$1.98 |
Change
0.030(1.54%) |
Mkt cap ! $385.3M | |||
| Open | High | Low | Value | Volume |
| $1.96 | $2.05 | $1.95 | $832.4K | 417.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2771 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 92 | 1 |
View Market Depth
| Last trade - 13.32pm 05/09/2024 (20 minute delay) ? |
| WBT (ASX) Chart |