WAC most likely will test to break up the ceiling $1.25 again on Monday if no any news at all since $1.05 was the Real daily low yesterday (only a couple of hundreds shares sold at $1.00 or below $1.05)!
WAC is Hyper Undervalued now (based on its Huge Book Value and Cash Value)! It was Hyper Oversold last week and a strong natural bounce is expected in the coming week...
The bankruptcy rumor has killed this stock! Otherwise WAC should already hit the ceiling price $1.25...
Anyway last Friday 12,598 shares dumped at $1.005 and 2,040 shares dumped at $1.045 plus 2402 shares dumped at $1.05 in the After Hours due to the CH11/7 fear!