The reasons for not investing in Weebit are diminishing..
The tax loss selling reason. nearly done .
The fear of constant smackdowns , the steadiness in the current shareprice , people are seeing real value , I believe .
The fact just from memory , the $2 level was well supported and went to $4 and back on one occasion , and $9 and back on another run , it's seen as a safe loading zone .
Add in the Cobys stated goals of having a least one or two big fabs or IDMs on board , also more likely than not customer signing in next 3 to 6 months and his aim of being the leading independent provider of Reram by the end of 2024 .. makes a pretty compelling case for taking a position around these levels .
The shorters will try again to suppress the price no doubt , but I think the task is getting a lot harder from here on in ..
Aimo
Dyor
Short data on WBT, page-2362
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Last
$2.51 |
Change
0.030(1.21%) |
Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $1.029M | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1855 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 614 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |