Someone is still keeping that price down! Has to be accumulation surely as there is $40,000 worth parked up as a block!
No one in their right mind would lose money to cause grief so this is the only thing I can think of!
A classic strategy in accumulating is to create fear.... pulling those buy orders and loading up the sell side will push the SP back to the high 3's before they load again.
Yesterday's action however may have been a lone wolf forcing a pump n sell, almost like a "fakeout. (as apposed to a high volume breakout)
Retail investors hold the key to push past these guys which of course will require some great news.
Either way, it's only a matter of time before it's smooth sailing again! A controlled penny stock will 80% of the time let loose.
Don't be surprised to see everything line up over a couple of days in the near future.
WPG Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
