Excellent analysis Walks. I would like to add a few more reasons not to follow the crowd if I may
- WBT has proven time and again it is not a leaky ship. An announcement re. another FAB agreement or progress regarding their discrete memory project could drop at any time without warning.
-WBT's price movements over the past 18 months have historically been a slow decline on the way down and a big bang on the way up. If you get out now thinking you can get in later at a cheaper price it's a dangerous game IMO.
-The shorts will have to close their positions sooner or later. I'm sure they have a specific level in mind that they are trying to push the SP to. Once their targets are met they will start buying back again pushing the price back up (see point 2)
The bottom line is anyone holding WBT needs to decide for themselves whether they are an investor or a trader. If you want to be a trader and think you can time the market I wish you the best of luck. If you believe in the product and the direction the board has us heading then see the current SP for the bargain that it is and keep buying the dips. GLTAH.
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