Australian (ASX) Stock Market Forum

Popping Festering Cankers

Jump to new
Alright I've got my sleuth hat on with this one.

Check this out:

99.jpg

That big climb and volume spike before the first announcement is, well, absent any other info, bloody suspicious. The first announcement is then a "response to the asx's price query" (basically the asx asking them wtf is going on) and it is as follows:

"Is WBT aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?"

Response:

"No, WBT is not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities."

That 2nd announcement is then the annual report, and wouldn't you know it, it spikes nearly 70% (and it would have been 150% if we count from the 30c it was tracking beforehand) in just a handful of days.

Clearly, CLEARLY, someone privy to the contents of the annual report bought up big just before its release.
 
Last edited:
Also, can someone who follows this tell me what was in the annual report that made it bounce? I'd really like to avoid combing over 70 odd pages if I don't have to.
 
over9k said:
Also, can someone who follows this tell me what was in the annual report that made it bounce? I'd really like to avoid combing over 70 odd pages if I don't have to.
Click to expand...

AR doesn't really give anything away. It's made a smaller loss than last year. That's about it...

upload_2020-9-4_0-23-12.png

I think there is some insider knowledge that has pushed the price up so much. I wouldn't want to be in it if it gets suspended or de-listed by asx for insider trading fraud :banhappy:

Let me check my portfolio... Do Not Hold, phew :singing:
 
aus_trader said:
AR doesn't really give anything away. It's made a smaller loss than last year. That's about it...

View attachment 108632

I think there is some insider knowledge that has pushed the price up so much. I wouldn't want to be in it if it gets suspended or de-listed by asx for insider trading fraud :banhappy:

Let me check my portfolio... Do Not Hold, phew :singing:
Click to expand...
Seems foolish for the person to have bought up before it was released then? Surely if there's nothing in it to make the stock bounce, it'd be the perfect cover for any asx/asic/whoever queries?
 
Even gold got hit last night so I expect nothing's going to be spared today. Nyse futures are all deep in the red too so I'm expecting armageddon, especially considering it's a friday.
 
Nope, market down 2.5% at the open. Everything in the red.

DEG (which I know isn't a PFC) bounced though as it's now big enough to be in the asx300, so the index funds will have to buy a bit. Everything else is a bloodbath.
 
ADD (Adavale) up 50% off the back of a few major investors stumping up $1M capital at a premium to market. (0.05 cents)

The new Board curtailed the cap raise which was to be at 0.01

Current SP 0.036 up 56% ... The big boys will want their capital back at a profit so the SP had to go up.

If only we were all privy to these Board room deals:rolleyes:

ps make that up 70+% ... I need to type faster:eek:
 
Garpal Gumnut said:
I believe it has a way to go.

gg
Click to expand...
NYSE is going to tank again tonight (futures all deep in the red) so the big question is whether this extends into the middle of next week. If it does, we're looking at march all over again.
 
over9k said:
NYSE is going to tank again tonight (futures all deep in the red) so the big question is whether this extends into the middle of next week. If it does, we're looking at march all over again.
Click to expand...
I don't believe so.

Mainly overheated stocks AAPL and TSLA, an expected event, imo.

The nieces and nephews are trading for the big shots in the Hamptons on September holidays. The algorithms will kick in. Volatility yes. Collapse no.

My gold is doing well, but AUD:USD is a confounder.

gg
 
Garpal Gumnut said:
I don't believe so.

Mainly overheated stocks AAPL and TSLA, an expected event, imo.

The nieces and nephews are trading for the big shots in the Hamptons on September holidays. The algorithms will kick in. Volatility yes. Collapse no.

My gold is doing well, but AUD:USD is a confounder.

gg
Click to expand...
Wasn't just the fangs in the toilet though. They moved the most, yes, but a near 6% drop in the nasdaq in a single day is ridiculous. Even oil (not exactly something that was soaring) is toast.

Logic has long since departed the aud:usd.
 
Last edited:
Garpal Gumnut said:
I don't believe so.

Mainly overheated stocks AAPL and TSLA, an expected event, imo.

The nieces and nephews are trading for the big shots in the Hamptons on September holidays. The algorithms will kick in. Volatility yes. Collapse no.

My gold is doing well, but AUD:USD is a confounder.

gg
Click to expand...
Nasdaq down 5%, Tesla slumped 9 per cent, Apple tumbled 8 per cent and Google's parent Alphabet slid 5.1 per cent. Netflix lost 4.9 per cent, Twitter fell 4.7 per cent, and e-commerce behemoth Amazon.com shed 4.6 per cent. Facebook fell 3.8 per cent and China's Alibaba lost 2.3 per cent.
... so you'd expect the little guys to fall faster (but maybe bounce harder?). Someone rang the bell, but I think you are closer, 99, with Vol(atility) and lack of Vol(ume) being the issue.
 
Well my festering canker known as BRN finally popped late last week (triggered an exit) so I sold this morning. Entry early June for about .12 and out this morning for about .50 for a 320% gain since early June. I wish all my festering cankers ended this way :p
 
Top