Dec. 1 at 4:30 PM
$WETH volume thinning without a continuation, after audited good results and continued news in deals. It’s going to break an upward trend line. Am I missing something? Why isn’t there more buying, following the huge thrust on audited results (cash position, profitability etc)? Is it still a discounting based on trust of whether this is legit or not?
Do you guys think there will be a buyback announced prior to the AGM on the 26th Dec?
I am still taking the signalling of increasing the total share amount to 65M shares to mean that they are going to announce a buyback, and then do some dilution at higher prices. I hope I am not wrong.