michaelgd, my observations of the trading in wds , point to suppressing of the price by computer trading. Someone has for whatever reason programmed their computer to make sure the price doesnt rise. As soon as it looks like moving up, it is automaticaly sold down. this is interesting as i dont think any shorts are outstanding, or being added to. Now any investor (who is not shorting the stock)would not program a computer to push the price down if you are long in the stock, especially at its lows, u would be ripping up money. there must be another reason that they want the stock at this level, it could be to accumulate more stock, and make sure investors get sick and tired and bail, so they can add to their position.
I see no other reason for the price action on this stock. So the question is : who is accumulating and why..If thats the case for a t/o down the track, I will continue to add to my position , cause imo it will bounce when we least expect it..
WDS Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
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