WBT 3.85% $2.25 weebit nano ltd

I can see the logic in your argument that when there's reliable...

  1. 6,302 Posts.
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    I can see the logic in your argument that when there's reliable revenue, WBT could be viewed as a "buy-and-hold" stock, but as a trading stock right now. However, I experienced the exact opposite when investing in another tech stock in 2020 - TNT in cyber security. I bought a big chunk when the SP was near long-term lows (~6c), then held on tightly as a "long-term" investment. Within 6 months the SP went up >500% , and history has shown (and the charts) TNT then became a trading stock, despite having an annual revenue of ~$200m. I eventually abandoned my hope of a long-term investment and sold the lot when it had fallen back to just 300% up. But very happy, it was one of my best recent investments. Despite the large revenues, TNT consistently failed to generate positive cash flows, so the whole thing started to go pear shaped. I think it pays to remain flexible with investment decisions. Right now, I see the risk/reward to make money from having a position in WBT is very, very favourable, it's not the time to be a fence sitter.

    All IMHO, DYOR
 
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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
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Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
$2.26
  Change
-0.090 ( 4.16 %)
Open High Low Volume
$2.34 $2.34 $2.25 103975
Last updated 15.59pm 24/05/2024 ?
WBT (ASX) Chart
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