Free Advice for what it is worth:
Why not just trading? People want to make money. I have seen 100s of stocks make bigger moves with less to show than WTT.
Enjoy the freedom of not being concerned with the "why". It shouldn't make a difference, it is the price movement that counts. It took me years before I found out what WTT does, I still am not sure. Lets say it is a new product, someone buys because of it, when should they sell? The new product might be there a year or more from now, but price could be lower. If you buy on a new product, you have no reason to sell. Once you get stuck with funnymentals, you run from stock topic to stock topic swapping stories.
There will be cheerleaders and the other side coming up with some "why" for every 1/2 point move. There will be those that call company to worry them, expecting the "inside" story. They will make the company into a living entity like some do a sports team.
When the simple truth is the only good stock is the one that is moving in the direction of your trade. When you buy the story, it controls your actions. You justify going down with the stock because the story is there. It takes months if you are lucky to get back. Some came to this topic with having bought WTT at 12 on a broker's recommendation, and rode it all the way down. Price movement long ago made it a bad stock for them. ut they didn't have an objective reason to leave the stock.
So if you want to buy or sell WTT, do it on the basis of price movement, not a story. My short term guess for a target area would be 7 1/8 to 8 13/16. Take that to the bank? No, just a guess, I expected it to stop at the 4 1/4 range on this move. The move over 5 was important, it needs to stay above that area. |
