The system would not let me post so tried without 'Reply' button
Hi mcbj at 18.06 today ...................134,006 WBT shares short at 1-3-2023. I do not believe in general ' .. institutions buy so as to lend out to shorters...' Some institutions do lend out but in most cases the shares they lend out are shares they have held for ' long term'.
Having been employed in the Broking Industry - many many years ago - I know there is, I believe, too much emphasis placed on 'shorting'. Especially WBT - only a 'FOOL' would short this stock, without some other form of protection, Why:-
Please all note - this is an example of what COULD HAPPEN:-
Let us assume the 134k shorter sold shares at $8.50 (near top today) and at 8.30am tomorrow the BoD of WBT call a halt to trading with the announcement ' The BoD of WBT seek a Trading Halt pending an announcement of a major event/decision /etc...... ' My wording.
Stock frozen, - buys/sells can be put on market - but not acted! As one would expect - with all the past talk the pending announcement builds up the buy side $$$$$$$ with sellers seeking more $$$$$$$$. The shorter has 3 days to cover --- oops ? The 134k shorter needs new underware- lots !
My view on todays action-- the stock had risen on the assumptions of ASX 300 - the USA presentations-other recent anns., - the much awaited news ????? and 'The Market' got ahead of itself, with day traders/investors/algos/ etc etc.
Ask yourself - what has changed within the Company? Nothing that I can see- just us/we -the shareholders' mind sets ?
Keep safe all .
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Last
$1.99 |
Change
-0.040(1.97%) |
Mkt cap ! $375.9M |
Open | High | Low | Value | Volume |
$2.05 | $2.06 | $1.97 | $1.546M | 769.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7555 | $1.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.00 | 485 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5037 | 1.985 |
1 | 4901 | 1.980 |
3 | 15750 | 1.975 |
6 | 64959 | 1.970 |
1 | 5000 | 1.965 |
Price($) | Vol. | No. |
---|---|---|
2.000 | 485 | 2 |
2.010 | 14500 | 1 |
2.020 | 14000 | 1 |
2.040 | 14000 | 1 |
2.050 | 27000 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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WBT (ASX) Chart |