I have nothing against WTC, or at all with the ethics of those involved in the company, but have shorted today, as I suspect Getswift's response to the ASX will suck the excitement out of this sector for a while.
The WTC CEO recently sold some shares, even if not a massive amount it still counts as insurance.
Most importantly this stock is running on some fairly strong expectations of future earnings including from future and recent acquisitions. I think these acquisitions will be considered to be higher risk by the market now, and the magnifying glass will be applied to these.
I think there is a lot of impact from sentiment pushing hard on the SP as well. Also there was a big upgrade that boosted the SP yesterday, but I suspect the market will forget about that soon, and the SP will retrace.
If I could short GSW I would not be here - lol - too late now, I did short them and closed way too early.
WTC Price at posting:
$15.23 Sentiment: Sell Disclosure: Held
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