I believe in Weebit longer term, but I feel the current price is in a bit of a bubble, and Weebit's tendancy to want to retrace as low as 1/3rd it's all time highs. This stock also tends to price in upcoming announcements. Given all of that, I sold my parcel today as I've ridden too many of my stocks up and back down, and with a potential recession looming I need to start turning at least some of my paper profits into actual profits. I'll be back in though if this gets back around $4.
Let BRN be a warning I reckon. Good technology with lots of future potential can still bubble along the way, and larger market forces can cause all sorts of havoc. I always like to sell when others are buying, and buy when it seems everybody is selling. The strategy has worked pretty well for me so far. With that said, nothing to say Weebit couldn't get to $12 first, but for me, I see more certainty in a drop to $4 than a continuation to $12 in the short term.
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Last
$2.09 |
Change
0.100(5.03%) |
Mkt cap ! $392.9M |
Open | High | Low | Value | Volume |
$1.99 | $2.09 | $1.97 | $1.001M | 492.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 4889 | $2.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.09 | 11111 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 9076 | 2.080 |
13 | 7877 | 2.070 |
13 | 34437 | 2.060 |
5 | 5556 | 2.050 |
3 | 51450 | 2.040 |
Price($) | Vol. | No. |
---|---|---|
2.090 | 14672 | 7 |
2.100 | 14650 | 12 |
2.110 | 20356 | 4 |
2.120 | 46000 | 2 |
2.130 | 4898 | 1 |
Last trade - 14.23pm 19/08/2024 (20 minute delay) ? |
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