At approximately $2.30 WBT is out of the ASX500. I don't know how the system works, but if the shorters can hold the price under this amount, and super funds have to let go of companies that exit the 500,then they know that they can cover at this point.
The shorters have made over one billion dollars (taken it out of Australian wages) through systematic manipulation of a company share price. Legally in the eyes of ASIC,which looks like it is about to be disbanded. About time,with the amount of daylight robbery allowed to happen under their watch.
So I reckon we'll be going under $2.30 again.
Running discussion on SP, page-8397
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Last
$2.40 |
Change
-0.120(4.76%) |
Mkt cap ! $453.3M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.52 | $2.40 | $988.7K | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 27149 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 5692 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |