Hunting for “catalysts” on 16 June, when WiseTech (WTC) stock traded at a lowly A$35.9 a share – closer to a 52-week low of A$29.69 than a then-52-week high of A$60.4 – there didn’t seem to be any obvious candidates on the horizon. How wrong was that – it all changed in a flash.

(Although, in fairness, we didn’t support the bearish stance, promoted by some investors, that in the mid-A$30s, WTC had more downside than upside.)

Less than three months later, a ...

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