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nice! print .0345. made it back above .03.
a possibility. need some buyers to come out above 3c though.
could bounce...
Looks like no massive sell-off so far as some expected.
At some point, the bottom feeders will come and push this higher. Hopefully, it's now.
WDRP has been hammered the last couple of days on delays of a prototype being released.
I agree. Given investor confidence is apparently shaky, it would sure be nice to see a PR indicating the prototype is done and it is being tested. Not sure my heart can take another double digit drop tomorrow!
Who told you that?
Not all though. I think some of us made warnings weeks ago. Hopefully it finds support soon. Good luck.
As the stock price tanks, I would bet they are in panic mode to get it done.
hopefully!
THIS IS QUITE SIMPLE TO UNDERSTAND
If you were watching the level 2s yesterday, you would have noticed that the large drop was due to one person unloading a couple hundred thousand shares.
While it was in the mid-.04s yesterday, someone set a limit order to sell their shares with a bottom of .04. Their order went thru knocking the bid each time with a few thousand shares at a time until it knocked out .04. The way the L2 moved, it looked to be one order from one small holder with a limit set who wanted out. After that, a few others panicked to drop it to the low .03s and then more people started buying in the .03s to bring it where we are today.
Obviously, some other people have been cutting losses (or locking in profits) at this level and others have been buying. Maybe it drops a little more, but ultimately, it seems there are quite a few people who are long and supporting the stock. Plus, without dilution from the company, there is not the typical downward pressure on the stock that is seen with so many other penny stocks.
The good and bad is we have seen with the relatively low float (as most shares seemed to be locked up with longs) that the stock moves up and down quite rapidly on little volume. The fact that there are not many market makers dealing the stock also contributes to the rapid movements.
Whether to invest or not is a relatively simple decision in my mind -- you either believe the company will release the prototype soon or you do not. That's really the only question you have to ask yourself. The release of the prototype should contribute to a healthy rise in the PPS and speculation on the company generating revenues from that point should further help raise the PPS going forward from that point. If you do not believe the prototype will be completed, then you should probably cut your losses or lock in your gains.
The delays have certainly been frustrating, especially for those who have been in for longer than I have. But, I have seen this from nearly every company developing a new product (IPhone, IPad, etc.). And ultimately, the product is released and the reward comes to those who were patient enough to stick with it. The information released by the company so far would suggest they are making progress, and I would expect to hear about the prototype relatively soon.
someone just unloaded quite a few...
Agree with your sentiment about the letter. I also am frustrated by the delays. As I said before though, with no dilution, it does not make much sense to sell unless you think there will never be a prototype. As soon as the news about the prototype is released, I would expect a nice bump in the PPS, especially given the distribution agreements already in place. With the delays we've already had, I would have to think it would be completed sooner rather than later.
As I hinted at in my post yesterday, be wary should it close below the 50MA. The last time it closed below the 50MA was in mid-October.
And now today, it dropped thru what was major support at .04. Volume has also picked up on the downtrend with most transactions going thru at the bid. So buyers are scarce at this point.
Nobody is crying. People just want to make sure you put out the correct information and not throw out wild rumors. The only correct statement you have made is regarding the delays.
All of your speculation about the agreements is nonsense. It has been crystal clear that Robert is the inventor behind the water heater. Wanderport only has the right to market the water heater. It does not own the invention and never said it has.
Wanderport has already done its role and lined up lucrative distribution agreements, so why would Robert walk away from them should he complete the product? He would only be walking away from money in his pocket. Your theory about him delaying until he can sell his shares is ridiculous because wouldn't he want to sell his shares at a much higher PPS than .04 once the product has been introduced to the market? The faster the product gets to market, the more time it has to generate sales and raise the PPS.
Hello! They are licensing it. Do you know what licensing means?
Looks like patience is wearing thin...
I don't think it makes sense to continue to blame all the selling on impatient people. While that may contribute to some selling, I would think it contributes to a small amount.
Many are asking where all the selling is coming from. I would point your attention to the financing and I think you'll have your answer. You have to remember, there's constant downward pressure everyday due to it.
And then once it breaks thru various support levels, you receive added pressure. And on that note, I would direct your attention to the 50MA and the fact that it may close below it.
Yes, so far your opinion has been correct. But, I still don't see any reason to abandon ship. If they had been missing the deadlines and diluting, red flags would go up. But so far, no dilution and the PPS has been holding around .05. It may have even held a little higher had ETMM not undercut the ask a few times. The delays are certainly frustrating, but at this point, I don't necessarily see them as sell signals. It would seem we could hear something anytime now.
yep, etmm really trying to hold it back.
In addition to the lack of news, part of the problem is the MMs keep under-cutting the ask. It doesn't help the PPS when the last sale is .054 and the ask is at .053 -- obviously that will drive the PPS down. In addition, the large spread most of the time is hurting in creating any liquidity. Plus, the few shares that went thru at the bid (which again was a large spread) at the EOD yesterday didn't help the chart. So, hopefully we hear something good today or pre-market Monday and we can laugh all the way to the bank.
IBOX is the portion above with the company logo, information, charts, etc. I posted the photos of the ribs a few months ago which I pulled from a paper written by Refai. My notes on that paper are here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60021764
Tomorrow is a key day in my opinion. It either holds the 50MA or moves down. If it moves down, I would not say .02 is out of the question. A close below the 50MA would put significant downward pressure on the .04 resistance level you're touting.
Well, if you look in the IBOX, you can see photos of CSpace being tested in conjunction with medical devices. So, presumably they obtained the medical equipment to run the tests from somewhere. I would not read too much into though.
Yep, I forgot I put the chart there!
The 50MA is the blue line on the chart in the IBOX. It also includes other indicators I typically use. Some of the indicators are showing some bearish signs, including the MACD heading towards 0, CMF dipping below 0, and -DI crossing +DI and ADX.
True, but the share structure is much different than it was in 2006. It would be much harder to attain that level today given the higher float. But, maybe it will reach that range again. Maybe it will go higher. Maybe it will get nowhere near that high. Nobody knows and any number thrown out there is fairly arbitrary.
In trading low-level penny stocks, I often hear investors complain about the lack of news from companies and companies not keeping investors informed. Typically, these companies are working on one product and it takes time to develop the product and there really is not much a company can report on in the mean time. With larger companies, it's much different as they have multiple projects going on and can report on events weekly or even daily.
So, if you are not going to trade low-level penny stocks and are going to choose to invest in them, my advice is to do your due diligence, invest what you can afford and not follow it religiously. It will only drive you nuts. Check-in every once in awhile with the PPS and determine if you want to average down (as the PPS most likely will be going down) and set an email alert to receive news once it is released.
If you do not have the patience, then I would suggest trading the stocks by buying at a definitive support area and selling at a reasonable resistance area. You would be looking for small profits and not giant home-runs.
Most low-level penny stocks (especially those that issue news often) are companies that are very close to being scams (and some actually are). But, very rarely, you will find a company trying to legitimately bring a product to market that may pay-off nicely. But, even if it is a legitimate company, sometimes it can not bring a product to market soon enough before finances run out.
Hopefully, WDRP can bring their product to market and pay-off nicely for all of us.
I think you're right in that people are waiting and I bet most agree it's time to put up the goods. But, I don't think the silence on this board indicates anything other than nobody has anything to say right now. The silence on the part of the company is encouraging (at least to me). As someone mentioned earlier, the company could either be silent because it is near an announcement or they are getting out of "Dodge" as the other poster put it. I doubt the latter is true given it's hard to believe this company would just walk-away without diluting down to sub-pennies and making some money. And if the company expected another delay, I would think it would be on the phone with investors encouraging to hold as it has done previously. Of course, these are only my opinions and time will tell. For now, the PPS seems to be holding strong near .05 without many buyers or sellers.
You can use a website like www.stockcharts.com. Any site with charts will allow you to use 50MA (or any MA you want) as an indicator.
I believe they were given shares previously at one point. They may have sold some since the last numbers were published -- you never know. But, if they have not, it's great if only for that fact that it's not further diluting the PPS.
Variety of people probably. Those who bought at .02 afraid of losing all the profit they made. Those who bought higher and don't want to take any more losses. It had held the 50MA since mid-October and today it broke thru that, so people are naturally afraid of the bearish trend. At the moment there are buyers near .04, but a close below the 50MA would probably lead to more selling tomorrow by those who are at work right now and not able to watch it as closely as we are. A close above the 50MA may lead to a little bounce and consolidation -- basically buying more time. Without substantive news as others have said, I don't think it's a question of will it go down, but when will it go down.
Certainly did now. Next support at .04. If it doesn't hold that, it could get ugly.
Testing the 50MA support. It needs to hold that...
I do not necessarily agree with Ancil's posts nor sentiment about it falling to .02. First it would need to test the 50MA. If it falls thru that, then the next support level should be evaluated. And so on.
As most of those who have been here for awhile pointed out before the conference, we would be very surprised to have learned about any development or presentation other than the paper typically published after these conferences. Normally, we do not hear anything about the conference other than from the papers published. We do not know when this will happen. Often times though, these papers have gave us some great insight into where the technology stands.
Could not hold support at .05 so will likely test .045 and the 50MA. Needs to hold those tomorrow.
Indicators definitely show it is being bought.
no close above the 50MA but maybe it breaks across tomorrow morning. some buying came at the end of the day. hopefully some news is released soon.
chart would look pretty nice with a close above the 50MA. plus news wouldn't be bad either. hopefully tomorrow is the day.
Again, nowhere does it say it will be demonstrated. He has written and will present a paper on it just as he has done in the past.