WBT Has been fizzing at the bung for a coupla days after the announcement. Sold a manageable parcel of 20,000 oa's at 2.35 last week, bought them back on the way down with the last 2 at 2.16 and 2.15 before taking the piss out of whoever was trying to make it look very uninteresting and put a small one on at 2.11 which is still there. Went out for a couple of hours and came back to a good weeks wages and another on the .36 rise to 2.51 in the arvo session.
Really interesting to see the auction in the morn. Becoming pretty obvious they are on the cusp of making a major inroad into the commercial implementation of reram.
As noted on the threads, very difficult for serious investors now to somehow take a substantial position without paying a price that must generate a serious rerate. It's only going to get harder.
