That may be part of the cause with chipmakers who are in production. However, WBT is not yet producing and will not be because it does not have a fab. I think the cause of the sp drop is because the sp is under attack from shorters and algorithmic traders who are intent on driving the price down to hit the stop loss orders of traders and thus accumulate a holding at minimal cost. If it isn't illegal it should be illegal in my opinion.
Just look at the course of sales today and you can see a host of very small orders designed to walk the share price down and down. We need a big announcement from WBT to change this. Maybe a customer announcement or a second fab or both. It may also help if anybody with funds can jump in and buy when the sp reaches bargain levels. It is close to that now IMO.
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Last
$2.31 |
Change
-0.010(0.43%) |
Mkt cap ! $436.3M |
Open | High | Low | Value | Volume |
$2.32 | $2.35 | $2.30 | $611.1K | 262.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 29735 | $2.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.33 | 2938 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 27510 | 2.310 |
9 | 84784 | 2.300 |
9 | 59007 | 2.290 |
7 | 20713 | 2.280 |
7 | 43440 | 2.270 |
Price($) | Vol. | No. |
---|---|---|
2.330 | 2938 | 1 |
2.350 | 12358 | 1 |
2.360 | 12000 | 2 |
2.400 | 2932 | 2 |
2.450 | 5120 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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