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"Basically the index funds have sold some 7 mill shares as we...

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18/03/24

15:12

Post #: 72943190
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Originally posted by Patchspike: ↑

Basically the index funds have sold some 7 mill shares as we exit the ASX200
No doubt this amount has been negotiated with respect to price with the shorters, who are now able to exit a good chunk of their shorts at a good price
When the index funds bought as we entered the ASX200, some 7mill shares were purchased around $7.50
The index funds were then happy to lend these out to shorters and then the fun began
Sadly the index funds do not give a rats about where the price goes to as they are only tracking the index
Disgusting really as they are not accountable for their part in the downward price spiral that results
Effectively they have bought at $7.50 and sold at $4, but think their job is done as they only have to track the index
No accountability whatsoever for the index funds
Glad we are back in the ASX300 for a while so a large supply of the shorters stock is not available
Hopefully WBT can over the rest of this year lay some good foundations without this added pressure from those who have a different agenda

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"Basically the index funds have sold some 7 mill shares as we exit the ASX200"

So...who do you think has bought "some 7 mill shares"?

WBT Price at posting: $3.75 Sentiment: Buy Disclosure: Held
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Last $2.56		Change 0.050(1.99%)		Mkt cap ! $477.9M

Open	High	Low	Value	Volume
$2.51	$2.57	$2.51	$392.7K	154.6K

Buyers (Bids)

No.	Vol.	Price($)
9	2798	$2.55

Sellers (Offers)

Price($)	Vol.	No.
$2.57	11657	9

View Market Depth

No.	Vol.	Price($)
8	2297	2.550
14	12048	2.540
7	12370	2.530
8	26313	2.520
3	3332	2.510

Price($)	Vol.	No.
2.570	10747	8
2.580	7018	5
2.590	27393	9
2.600	48766	10
2.610	3678	2

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