I think what you'll see is an immediate short squeeze when WBT comes out of the trading halt. This will propel the share price higher as those on the side lines will also pile in, trying to secure shares under that $5 mark. It really depends how quickly the shorters can buy back their position- but as many have pointed out in this forum, who will be selling?
Anticipation, excitement, awareness and sentiment has only grown over the last week, I see this as a positive. Another commercial agreement or two following this announcement could see a sentiment driven rise to $10 and far beyond. The truth is Weebit can't measured using traditional metrics with a product set to revolutionise the industry. It will become a hyper growth stock, much like NVIDIA (but with a superior product), as more and more commercial agreements roll in.
All IMO of course and DYOR.
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$1.92 |
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Mkt cap ! $361.7M |
Open | High | Low | Value | Volume |
$1.94 | $1.95 | $1.91 | $654.4K | 340.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 7769 | $1.92 |
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Price($) | Vol. | No. |
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$1.92 | 11026 | 1 |
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No. | Vol. | Price($) |
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1 | 5000 | 1.915 |
5 | 39327 | 1.910 |
3 | 8624 | 1.905 |
31 | 107747 | 1.900 |
5 | 44578 | 1.890 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 11026 | 1 |
1.925 | 12183 | 2 |
1.930 | 3000 | 1 |
1.935 | 4859 | 2 |
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