Share price has been in a downtrend since February when the share price reached a high of about $4.50
Lots of holders who bought Whispir double what the share price is today honestly believe this is a dog stock and just need to sell no matter what.
So whenever you get a nice little rise, they see their opportunity to sell and that puts pressure on the share price. Whispir needs to eradicate those holders from the register before we see the next leg up. This announcement could have been that catalyst
There is NO justification or rational reasoning selling within 20% of the share price before this announcement BUT there are a lot of 'investors' who only look at one thing: the share price from when they bought.
These types of investors don't last very long in this game
WSP Price at posting:
$2.19 Sentiment: Buy Disclosure: Held
