Interesting hike today - I thought I read the retail offer thoroughly last night - the entitlement is to be based on one's holding at close last night, so I thought the price would come back down today, but it went up another 3%??
Maybe I misread it?
I hope I read it correctly and some smart people know what this new deal is going to be worth to WEB, if so we will see lots more price increases?
Anyway, I am a happy chappy, my holding of WEB is now my second biggest and not far behind VOC and is just on 100% capital gain.
I will apply for the maximum entitlement plus 100% extra and cross my fingers for a fill.
Funds have come from selling RCG with the recent price weakness - I still hold some RCG, just took some profits in case it kept falling (I see it has rallied a bit today).
As to the chart above - I really don't know what that line is telling us?
I do know that I have lifted my sell stop to just under the low price of the 12th April to lock in some profits in case it all ends in tears.
Cheers,
WEB Price at posting:
$7.23 Sentiment: Hold Disclosure: Held
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