posted
i think so... the mm's got a hold of this one before, so it's been dragged down... everyone, just don't sell... we can hold out longer than they can, and eventually, their margins will be called! it's a real company with real profit and real pr! all other stupid factors aside, pump and dump, etc... we bought this company on fundamentals, not technicals... i'm still in! good luck, hang in there!
posted
i agree! i know so many people that are dumping it... is it realistic to think that a company that is making money is going to continue to see their stock price continue to go down forever? not in a long shot! good luck!
posted
don't buy anymore now, unless you feel like you need a larger position... let the floor settle, and it will start to move up... then get back in! but you've got to hold... if it goes down, and you sell, the MM's win! they scare you out of your positions, you sell at bid, the price goes down, they make money on a short! good luck, partner!
posted
I'm not selling anytime soon. I think this one has a lot of growth potential and I don't want to get caught watching from the sidelines.
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posted
Stock is at support and may have another run, but upside may be limited by company and insider sales. I got into this at beginning of last run and didn't like the massive volume relative to stock movement. [currently no position] They updated the capitalization on the website to sept. 15 [pre-run] levels after I sent them an email. To their credit, they acted on it quickly. Authorized 200M, O/S 83 million.
I'd suggest anyone thinking of adding here should email the company and ask for an update on capitalization to see if any of the 25 million shares that traded on the last run added to the O/S. No matter how good the fundamentals look, if the company is using PRs to distribute shares and raise cash it won't run very far.
Not trying to bash here, just sharing my thoughts. I'm in another one, PLNI, with a great story and many positive PRs and retail buying, but similar action to WSBL. Every positive PR is being met by one massive seller - probably from shares issued by the company.
One problem I have with WSBL is there are no L2s to see who's buying and selling. When I emailed the company to suggest paying the miniscule fee to get a realtime quote on their website [and on pinksheets], they said it was a great idea. That was a month ago and they still haven't acted on it.
On the next PR driven run, I'd suggest watching the volume to determine exit strategy. If it grinds higher on massive volume, be quick to take profits. If it runs on modest volume then maybe they're done distributing shares and it can make a significant move. Best scenerio is a run on modest volume without news.
GLTA
-------------------- Logic can protect you from the hazards of faith, hope and trust.
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posted
looks like the mm's are just stirring the pot and looking for people to sell... we'll get moving with pr and q3 results... i'm holding!
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posted
I think it's cause the company owes four times the company's net value and they have failed to produce any more contracts for almost four weeks.
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