Today is no different to Jan 31st when the 4C was released to the market. No bad news, just a vanilla mandatory reporting announcement. The loss was not too dissimilar to previous corresponding period either and the fact is you have to spend money to make money. On Jan 31st the stock was sold down 10% too, but it returned to the pre-dump levels in a week. Today did not warrant a $100m change to market cap regardless of what the nuffies tell you. The shorters have no off-ramp and they are desperately trying to contain the share price. They seized today's opportunity (as they did on Jan 31st) to beat the stock down and con a few into panic selling. The fact is, every time they take their foot off the brake and buy a couple of hundred thousand back the stock jumps 20-30c on small volumes. Good luck buying another 16 million.
Nothing to see here - move along
News: WBT Weebit Nano Posts HY Loss Attributable A$25.2 Million, page-18
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Last
$2.07 |
Change
0.010(0.49%) |
Mkt cap ! $393.0M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.12 | $2.04 | $866.6K | 416.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6662 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.08 | 1429 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |