I don't think there is any reason to panic. Today was a bad day across the board, and with macro conditions the way they are there is the chance for much more uncertainty. The thing with WBT though, is they have a product they have developing on or ahead of time, they have assembled a world leading team to continue to develop and commercialise, and they have also taken steps to ensure the company is adequately funded to ensure that they wont need to capital raise in uncertain times.
There is going to be ups and downs, but the one constant is the march towards commercialisation that Coby and Co are on. For me, they have always delivered as promised and I have no reason to doubt they will continue to deliver.
Also keep some perspective. WBT has had a fantastic run of late and while I would enjoy if it just continued up and up, that's not realistic. December closed at $2.86, so while today has put a big dent in the progress made in January, the fact is that the month the options expire (which does create a lot of selling pressure) we are still up. That's a pretty good result if you ask me.
If you keep your long term focus, days like today are just annoying and nothing else.
Just my opinion.
Stay strong.
I don't think there is any reason to panic. Today was a bad day...
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Last
$2.29 |
Change
-0.060(2.55%) |
Mkt cap ! $432.6M | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.36 | $2.29 | $1.381M | 595.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 32744 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 2145 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |