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Looking like a lovely reversla candle on the dsily brewing

Given how the market makers are positioned i think we could squeeze here as market starts to cover with buys increasing and price going up

Market has run dry of sellers. Few buyers turn up and it can move back up quickly. First target 23p

Think we see this really bounce back strong

Decent demand. Good price. Money raised for right reason. This is going back up quickly in my view

Seriously oversold and overdue a big big bounce

Underpinned by 9p Net Asset Value

Nothing left now. Should tick up from here towards 4p

I agree. Think Lombard on fumes and bit of buying momentum and it will start bouncing hard

We saw the same with SED at 20p and now it is 25% higher and looking strong

Fundamentally WBI is underpinned by Net Assets worth circa 9p per share and plenty of cash

Strong Buy

Strong close yesterday with some big buying

This is quite embarrassing really. The placing stock can be sold as soon as the placing is announced. Don’t make silly comments ffs

For starters it was only a poxy £300k to use up their remaining headroom, or they would lose it. Secondly all the market has done is go up since that placing which suggests it’s gone to very tight hands

The upside is pretty huge here

Looks set to rally now after a building a nice base in the low 20s

Well the facts are the company are in the process of SIGNIFICANTLY reducing their overheads, thus any talk of imminent bust is simply utter rubbish. They have big partnerships and deals in place with the likes of UMBRO, SUOERDRY, COSTAIN etc, they would have done their due dilligence on VRS.

Fcuk the negative narrative, when something gets too cheap it bounces simple... especially when a team back it and then have to buy further open market.

Think its just a case of outlining the hugely bearish sentiment and the potential opportunity. Rarely does it continue to go down when everyone in the market is so bearish and negative. We have seen retail capitulation so now i bet we see it push up towards that 7/8p area

Nice 325k buy just in as well, think its only a matter of time before investors realise this simply isn't going down and we are going to see shorts covering. There is a real demand out there in the market for stock

Some chunky buys appearing on a generally quiet day in markets. Looks like market continues to desperatley bid for stock whilst buyers keep nibbling

I think we could see 5p+ today, certainly tomrorow

The price action doesn't lie. The market has no stock. There are shorts in the market sweating. The placing stock doesn't appear to be selling or holding it back. Volumes are still quite low and it just keeps creeping higher. Trading at 4p given it was multiples higher recently is ludicrous. They aren;t going bust. Their cost base has been reduced massively and if you continue to be bearish at the lows then there quite simply is nothing anyone can do to help. Market mechanics

This is going back to 10p and retail amateurs will be looking on in disbelief ha

Bit of Twitter action now. People picking up on it

https://twitter.com/BigGibUK/status/1636675607634276355?s=20

My suspicions look to be right. The market is short and in desperate need of stock. There isn't really a good downside argument as its all priced in hence we are trading down at 4p. I suspect things hot up into weekend and next week could be fun if you are long... Not so fun if you are short ha

Target remains towards 10p before end month

That’s the max they could raise from existing headroom

I've seen enough. I think its going to squeeze hard. Took a few clips sub 4p

Target 7-8p area by end of Month

Yet market appeared to be short and trying to cover yesterday

When bearish sentiment climaxes and the price stops going down it can get rather squeezy

Nibbled a few in open market yesterday just under 4p. I’ve seen this show before. I think Techguru has hit the nail on the head