Hi all .....
I would consider -now- if the volume starts to drop with the SP value increasing - shorts will have some concern. That action, having worked in a S/Brokers office -was once a signal/hint/hope/possibility that the SP was in a strong and (powerful) -uptrend.........with maybe some small retraces from day traders actions. Note -that was many years ago, but market 'psychology-?' is a funny beast !
Now WBT -with possible further announcements of note (sooner rather than later), the SP has a chance of strong support from- sophisticates and fund managers. The latter however have very solid investment strategies - and usually stick to them.... Some 'micro cap funds' however are more aggressive.
The most positive thing at hand is - the possibility of very impressive announcements. It has been many a year that I have seen a possible situation like this. Again briefly:-
-a recent -very positive announcement
-low share volume
-short position -of note.
-increasing share price-
-Coy record of truth in announcements
-Keeps word - but one must consider 'some matters beyond control of WBT's management' (take note some impatient posters here???)
-more announcements due and some 'possible belief of what they may be' . Note never 100% correct -----------though
-An animated and excited CEO......................yeah ! Especially in view of what is going on around him !
All an opinion - Do your own research most important........HC is a chat site with the most powerful self - influencer -Money!..
Financial Advice - Illegal like a sick bird - ill Eagle!
Keep safe - enjoy the ride.
- Forums
- ASX - By Stock
- WBT
- Running discussion on SP
Running discussion on SP, page-6083
-
-
- There are more pages in this discussion • 2,487 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WBT (ASX) to my watchlist
|
|||||
Last
$2.00 |
Change
0.000(0.00%) |
Mkt cap ! $377.8M |
Open | High | Low | Value | Volume |
$1.98 | $2.06 | $1.97 | $1.887M | 940.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 25401 | $2.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.03 | 23000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 25401 | 2.000 |
1 | 3700 | 1.995 |
2 | 10054 | 1.990 |
2 | 2263 | 1.985 |
11 | 25264 | 1.980 |
Price($) | Vol. | No. |
---|---|---|
2.030 | 23000 | 1 |
2.040 | 10000 | 1 |
2.050 | 487 | 1 |
2.080 | 6550 | 2 |
2.090 | 6500 | 2 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
Featured News
WBT (ASX) Chart |