I agree with eveything you've said, and I've read in a few places that if you place stop losses, the bigger players can see them with their more sophisticated trading programmes, and so you're just making your intentions "public". Accordingly, I don't use stop losses if I can avoid it. I've also switched from placing buy and sell orders in the queues because I get the sense that other traders (or trading algorithms) tend to avoid my orders. So many times, I've noticed the trading suddenly slow to a snail's pace just before my order gets hit (or sometimes doesn't). I find it easier just to buy/sell from off screen, if the bid/offer is acceptable. It is utterly undeniable that the SP is being manipulated by a constant stream of ultra tiny trades, 1,2, or 3 at a time. Every day without fail, the sales data for WBT shows it. As I said before, I don't believe the published short numbers either. The only thing that really matters here are the company announcements, and the news of more FAB contracts signed. I believe the signing of the DBHiTek agreement has been completely underrated by many, and/or not understood. It certainly hasn't been priced into the SP yet. Coby has mentioned DBHiTek's customers (Intel, NXP, Samsung, Texas Instruments and Toshiba Semiconductor), and yet it's as if the news has fallen on deaf ears. If WBT were able to announce one of these household names as direct customers, it might be a different story.
All IMHO, DYOR
WBT Price at posting:
$3.96 Sentiment: Buy Disclosure: Held
(20min delay)