Seeing as most of shorts shorted between March13 to March 23
average short price for march13-17 would be around $8
average short price for March 18-23 would be around $7.40
since then just under half have closed their positions on the recent run up to $7.40, as soon as WBT turns again and the STH stop selling - the rest will begin to close and take profits.
This should in theory run the price all the way back up to the $7,50 - $8 region again in my opinion, the only thing they might be banking on is delayed news and playing on that fear causing more sellers so they can squeeze a little more profit out.
Either way, news or no news, they won’t be sweating until the rest of us, actually start to substantially increase holdings and their greed will quickly turn to fear if there is enough volume in that direction.
I know this last statement is quite obvious to all, so I guess the question is what are the unaddressed concerns stopping people from stepping up Monday morning?
CR is done
Management have high accuracy on set timelines
Tech seems out of this world
Potential expansion seems almost limitless
When fear appears highest(and price is at the lower end of town )when your worried it might fall further - usually that is time to actually buy is it not?
Seeing as most of shorts shorted between March13 to March...
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Last
$2.33 |
Change
0.010(0.43%) |
Mkt cap ! $440.1M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.35 | $2.30 | $162.5K | 69.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5176 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 11421 | 12 |
View Market Depth
| Last trade - 10.43am 26/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |