This is insider trading at its most obvious. If the short is covered in the cap raise then we know who sold the stock. My guess is Regal. They have Canacord in their pocket.
Next question is, where did they borrow the stock!!. Only answer can be, from those index300 funds who bought on the 17th March close. Idiots lending out their stock to Regal for them to smash it down.
ASIC need to investigate.
Having said all that, it does create opportunities for investors to buy in for the longer term at great levels. Will mostly like drift below $5 ( just like every other CR has done) before a move back to new highs.
At these levels sentiment changed back to BUY.
Short data on WBT, page-661
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Last
$2.52 |
Change
0.005(0.20%) |
Mkt cap ! $476.0M | |||
| Open | High | Low | Value | Volume |
| $2.55 | $2.56 | $2.50 | $413.2K | 163.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 10724 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 9597 | 10 |
View Market Depth
| Last trade - 14.07pm 15/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |