Shorts did this to WEB couple years ago. No logic. It was inevitable the airline/travel industry would rebound. Took it below $4. Look at it now.
This is just a gang-bang pile-on that will continue until it bottoms out. Totally under-priced here, and will correct. How long that takes is hard to tell. Perhaps 6 months before a noticeable trend reversal to the upside, and good FID news in Feb. Some positive upside in the Li macros would help, but wtf knows.
Our weakness is the CEO and lack of ability to get the right messaging out. It's just feeding the vultures.
Shorts did this to WEB couple years ago. No logic. It was...
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Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 365887 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 883409 | 8 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |