Charts indicate WPI is becoming oversold at these levels. There...

Charts indicate WPI is becoming oversold at these levels.

There are a number of players looking to position themselves with large holdings, I'm one of them and as m17 stated not long ago until now the liquidity as been peanuts and to get decent parcels requires waiting and accumulating over weeks. The recent volume has allowed a number of big players to take positions.

The ones complaining about the 4 points dropped today and 11 points since it hit 3.7 are looking for a quick ride.

I admit I'm guilty of getting sucked in on the hype of SRT blasting off which is likely the reason this hit the 3s and 3.7 high before the SRT acquisition. Was a calculated risk, I bought trading parcels in at 3.4 and 3.5 expecting SRT to take off and this to run into the 4s, didn't happen and as I've stated previously I suspect many others were thinking the same as myself, SRT didn't explode up and so WPI holders/traders sold out and hence we are back in the mid 2s where things were not too long ago before the SRT hype went into overdrive. Short term bump same with SRT dropping, WPI will pick up as SRT starts to go in the coming weeks.

The big players, myself included, are in this for the acquisition. Hence you need the funds to play at this level or any level of the stock market to top up on the lows when the opportunity arises.

Another note, sometimes imo traders sell a stock that's in the red to "make the loss real" for tax purposes and simply buy back in again for the same price or lower if they still believe the it's a good investment down the line. Can only do this though in liquid stocks otherwise might not get back in or be able to sell your position, all in my opinion.