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.
My guess is that it keeps drifting downward. Don't like that...
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Last
$2.86 |
Change
-0.010(0.35%) |
Mkt cap ! $539.4M | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.90 | $2.70 | $3.091M | 1.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9400 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 2359 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$2.81 |
Change
-0.010 ( 2.04 %) |
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| Open | High | Low | Volume | ||
| $2.85 | $2.90 | $2.70 | 177734 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| WBT (ASX) Chart |