Wialan Technologies Inc (WLAN)

[sidestyle]

your statement is predicated on the supposition that this stock's price over the previous weeks/months reflected its real or perceived value, that it was at such a level naturally. you also assume that a high price intraday reflects a stock's true daily value and not an outlier.

I counter by advancing the notion that the pps was artificially beat down and is now rising to its natural base at which it should have been all along. I also posit that a high reached in early trading before midday, especially when material events are expected to be imminent, almost always reflects short term momentum and not true valuation.

neither of us has a crystal ball, and only time will tell, but I find your analysis to be shallow and self congratulatory. after several positive days like we've had, a cooling off day in the candles is almost always called for. we may get a red candle tomorrow, but that is far from proving your hypothesis.