C'mon blazer it's not shorts.
Shorts are a symptom not the cause.
At over a billion MC it was well and truly overvalued even if everything went right and there were no delays.
This technology is just slow to commercialise as are all semiconductors.
There was always going to be an orphan period for this stock but it was just hastened by delays and lack of expected progress.
Two and a half years to revenue was always going to test investor's patience and well it should because opportunity cost is real and can completely undermine your potential returns.
I've doubled my money again since selling WBT.
I've made the mistake once before of holding on when I've already had massive gains and was greedy.
Once a stock tops out like WBT did after that massive run we should get out at least a large portion of our holding.
I think this is headed to reasonable value around $300m unless some big news drops.
Crazy hearing people talking about jumping out of buildings though. We all know the tech is sound and it's just a matter of time.
C'mon blazer it's not shorts. Shorts are a symptom not the...
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Last
$2.28 |
Change
0.030(1.33%) |
Mkt cap ! $430.0M | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.38 | $2.28 | $1.325M | 571.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 30606 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 16589 | 1 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$2.29 |
Change
0.030 ( 1.55 %) |
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| Open | High | Low | Volume | ||
| $2.29 | $2.38 | $2.28 | 117166 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| WBT (ASX) Chart |