My guess is that it keeps drifting downward. Don't like that prospect but I'm not feeling positive that this decline will be arrested by anything other than significant news. I did not get the impression that any such news was imminent.
Yes, further fab / IDM signings will happen and we will secure first DBH customer at some point but when is anyone's guess. In the meantime instos and shorters will keep feeding 1 or 2 shares in to the bid and buyers will pull back hoping to buy for less. Meanwhile the same instos are probably accumulating for their long thesis...
Feeling a little deflated / cynical at the moment.
For me this is now about capital preservation so I won't be holding and waiting. I'm going to start balancing the current risk with the potential to buy back lower in the next few weeks. If I caught out by a surprise announcement... well, I will have to wear that. I guess paying a premium for reduced risk and increased certainty is worth it.
Charts, page-4719
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Last
$2.38 |
Change
0.160(7.21%) |
Mkt cap ! $451.9M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.38 | $2.19 | $1.896M | 828.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1096 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 105071 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |