They drive the pricedown to shake out holders who get scared, worried and annoyed at the price action, then gobble up the remainder.
Its called a tree shake and it literally happens every day.
Short data on WBT, page-372
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Last
$2.35 |
Change
0.000(0.00%) |
Mkt cap ! $447.7M | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.40 | $2.35 | $307.7K | 129.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4412 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 4377 | 16 |
View Market Depth
| Last trade - 12.39pm 23/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |