The other thing is now they've shown their hand the market can add this information to the collective understanding.
There will be following announcements in the coming days to say they are no longer a significant holder due to unwinding their position. Value investors will step in at some point and replace all the speculators who contributed to the big rise out of the base. The process will repeat as there remains anticipation of deals which will get parsed against the revised company valuation.
New setups will present themselves and traders will trade them. Defended large positions will show themselves eventually, likely in the middle of the previous base.
The other thing is now they've shown their hand the market can...
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Last
$2.25 |
Change
-0.090(3.85%) |
Mkt cap ! $424.3M | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.35 | $2.25 | $1.416M | 619.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 38112 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 52740 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$2.26 |
Change
-0.090 ( 4.16 %) |
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| Open | High | Low | Volume | ||
| $2.34 | $2.34 | $2.25 | 103975 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| WBT (ASX) Chart |