Tuesday, June 23, 2009 1:23:02 PM
Ads don't control the sp. There are three kinds of people that control the sp, four, if you count the people that don't care about the stock.
There are those that are holding the stock and want to sell their shares because they don't believe the sp will appreciate anymore in the near future. Those people exert downward pressure on the sp as they put their shares for sale. BTW 504 sellers belong to that same group.
There are those people who hold the stock and believe/wish/hope that the sp will significantly appreciate in the near future. They are very dependent on the other groups, as selling pressure will take them lower, and buying pressure will take them higher. This is the largest group, and WNBD has a lot of these. They have different motives to hold on to the stock. Some have an average higher than the current sp and they hope they can get their money back. Others have a lower average but are timid to take profits and fear that they miss out on the big run.
The third group believes that the sp is a bargain and that it will go up significantly in the near future. They believe that .019 for WNBD is cheap and that WNBD will have a market cap much larger than $24 million in the near future. They are usually motivated when they see the sp move higher or to average down their base.
Do you believe that the market cap of WNBD should be much higher than $24 million? If so, are you buying more shares?
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