WBT 0.43% $2.31 weebit nano ltd

I think one thing to realise is that although it's gone up by...

  1. 223 Posts.
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    I think one thing to realise is that although it's gone up by +50% in the last 4-5 days, if someone had said in Jun that the SP was going to be $4.50 in Oct, we'd all be screaming from the rooftops saying it will never happen and that everyone would be hoovering up shares at that price. This is the power of market psychology - the shorters play their games, drive prices down and then we get conditioned to thinking that $4 is a good price since it was under $3.

    To me, the cap raising at $5 should have put a floor under the sp. I was amazed it didn't. So I would say at a minimum, the sp needs to be above $5 and anything under that is very cheap. Especially since we have had announcements since the cr, so the project is de-risked even more since the cr. If you can get this share under $5, I think it is a bargain.


 
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