WBT 7.21% $2.38 weebit nano ltd

Running discussion on SP, page-8762

  1. 3,529 Posts.
    lightbulb Created with Sketch. 1066
    Exactly.... was always a game the small guy was going to lose.

    1. institutional traders decided pump up the stock to get it into the ASX 300/200 index's....
    2. drove the price all the way up to $9.
    3. Index funds were forced to buy,
    4. traders sold for a massive profit,
    5. then doubled down and shorted all the way back down to $2.
    6. Then closing out the short positions when the funds had to sell.
    7. Index funds holders lose.. traders win twice.
    8. 24 months later the share price is back to where it started,

    At least Weebit profited nicely by doing a cap raise at $5!! smile.png And the company is in a better position, with a foundry signed and multiple customers close to signing.



    Real question is who will the traders target next mad.png
 
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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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