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
$2.24 |
Change
-0.010(0.44%) |
Mkt cap ! $422.8M | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.34 | $2.23 | $1.050M | 463.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12771 | $2.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 12981 | 2 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| WBT (ASX) Chart |