Yeah,i honestly thought a higher SP would hold, but didn't.
As a LTer I dont really mind, but i can understand, if I had recently bought in, and i saw the price dropping, i would probably sell and attempt to buy in at a lower price. Just common sense. So i think a lot of newer investors are doing that. At some stage it should steady. The 2.20 range seems likely to me, as there was some support there before. Just imo.
There could be a few catalysts for an eventual turn around: (1) a follow up announcement re customer designing end product , (2) shorters get their desired price, (3) An institutional investor decides to hop on. I.m thinking only the first will see any permanent change in sentiment for conservative investors.
Definitely time to think about topping up. Gltah
pick the bottom, page-2
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Last
$2.55 |
Change
0.120(4.94%) |
Mkt cap ! $481.4M | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.65 | $2.46 | $3.607M | 1.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8185 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 14261 | 2 |
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| WBT (ASX) Chart |