Apologies, was tying it back to the other stock to highlight the mistakes those focusing on chart movements fall into. Our 15c would be the $3 we keep hearing about here from people making the same arguments. Those looking at the price and chart and ignoring what the company is busy doing behind the scenes can miss out big time.
Interesting when we put this into perspective. Say the trader picks up 10,000 of these shares at the 15c and then sells at 20c. Locking in a $500 profit. They'd need to do this 36 times if they were to get lucky enough to repeat that pattern perfectly to equal the profit they would have accrued simply holding and waiting for the current price today. As we know things don't work out well when you throw many variables into the mix over a short time frame while in the mix with many other short term traders. Not including the CGT penalties for those who aren't traders by profession either.
On the precipice of news any week now that could replicate this same trader blow out.
WBT Price at posting:
$5.73 Sentiment: Buy Disclosure: Held
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