)thanks for that. I was unaware that Plato Global Alpha had previously shorted it. Of the eight red flags they identified, the majority reflect the large amount of market expectation surrounding their invention(s) and the absence of any revenue to support because its yet to go commercial.
This decline is like the last savage decline below $5 from $9. And may perhaps provide a similar buy the dip opportunity. Extreme volatility, but in the end if their invention goes commercial, and a global name gets involved, shorters will be squeezed.
To be honest I rather like the Plato philosophy of running a 150/-50% portfolio, and the red flag system has merit. Its all a numbers game so they must expect the odd short to fail (as a short) and do well, hopefully WBT is one of them. I did chuckle when I saw BMW was touted as a long stock (ie less than 6 red flags!).
I bought in below $5 after the last dip, and thats probably my entry level again if it gets there, as I am currently more bearish than bullish on markets, so sitting with a lot of cash.
)thanks for that. I was unaware that Plato Global Alpha had...
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Last
$2.73 |
Change
0.350(14.7%) |
Mkt cap ! $518.4M | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.73 | $2.40 | $3.852M | 1.482M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8666 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 6829 | 3 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |