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  1. Ignattious
    1,410 Posts.
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    06/09/24
    11:45
    Post #: 75558771
    There is nothing dodgy going on. The shorts closed out during the MSCI index liquidity event which happened last week.

    They also added more shorts on Monday to further drop the price so they can close out the remainder during the ASX300 liquidity event that will happen in 2 weeks.

    At that point they have booked 400-500% profits on WBT and will most likely, IMO, start to buy and starting pushing the stock up. Rinse and Repeat.
    Last edited by Ignattious: Today, 11:46
    WBT Price at posting: $1.97 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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