Because they are trying to push the price down to enable them to cover their position. right now they appear to be doubling down a lot to get back to a non loss position to cover their shorts.
Every time the short position goes higher you can probably assume it is because they have had to borrow more shares at that days price to try and push the price down further.. its a dangerous gameand hopefully it explodes at some stage to where they give it up.
Short data on WBT, page-326
-
- There are more pages in this discussion • 2,030 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WBT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.35 |
Change
0.070(3.07%) |
Mkt cap ! $443.6M | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.40 | $2.26 | $1.535M | 658.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2386 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 6245 | 2 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| WBT (ASX) Chart |