I do understand your point that fund managers have a larger appetite for risk and their strategy for investment will be long-term and do not care about daily movement of the price compared to retail investors like me, however a portfolio manager does need to report on a weekly basis and brief on monthly basis and submit a quarterly report. His support staff will keep an eye on daily price movement.
My point is degrading share price albeit low volumes from $3.80 (ignoring the $4.50 transient spike) to $2.70 is almost 30% drop and if an investor holds 40K- 50Kshares, about $44K- $55K profit gone in 6 weeks is not a pleasant, especially when you're approaching Christmas.
Weebit - 2021and beyond, page-9996
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Last
$3.19 |
Change
-0.100(3.04%) |
Mkt cap ! $605.7M | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.45 | $3.18 | $4.002M | 1.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19867 | $3.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 4150 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |