please explain ?, page-18

I bought into this on friday morning and posted a chart on the old new hot copper site just before it ended.

Of all the resource stocks that were heavily oversold WSA looked liked it had the largest thrashing.

Here are a few points, most of them are textbook indications of a stock ripe for at the very least a rebound (and often indicate the beginning of a new trend).

- The $2.90 price was very near the GFC lows ($2.50-2.80s was for only a period of a few days in 2008)

- Massive accumulation occurred last week. On friday 4 million shares were traded (in a very tight range) which is the fifth highest volume day in the last 5 years. The highest volume day ever occurred last tuesday. 16 Million shares in total were traded last week which represents approx. 8% of the shares.

- The ultra high volume in WSA tends to coincide with the lows. See the 4 million volume day last July

- Substantial holder notice from JCP Investments

- Directors buying 35,000 shares

- The repeating downward movements (see chart) in WSA tend to be approx $1.90 which is near exactly what the move since Feb had been ($4.73 -2.88)