yesterday's price actionYesterday's price action was due to an European tip sheet selling their entire WND holding and readers of this tip sheet following this advice on Canadian open. The tip sheet bought WND more than one year ago (maybe even up two years ago) on a fundamental basis. Their WND sale was due to a change in their working methodology (they flipped to a more systematic basis, found the stock in a downtrend and thus should be sold.....).
Yesterday price action was very positive, as the last weeks this stock was missing buyers and only a limited number of sellers pushing to stock back with pennies. After the initial sell, buyers emerged and WND could print a turnover of 165k shares.
See it this way, more or less 165K shares found their way from weak hands to strong hands. I was a buyer earlier last week and know a number of people who where happy to add more at these very attractive levels.
Pls do not do TA on this stock, just figure out the underlying numbers.
best regards Trappist