Bagman10 sees profit taking at $12-15 markSUBJECT: Good WPT support at this stock price level Posted By: wa
Post Time: 4/3/02 17:20
« Previous Message Next Message »
There are many people who are into WPT at prices higher than those we see recently, so there won't be selling pressure from many of them (if they see brighter days ahead). The 6 million shares coming into the float at $7.60+ also lend support to prices of $8+.
I have no way of knowing how many shares of the 50 million total were bought below $8, but my guess is that the number isn't that great. Now, once we hit $12+, or perhaps $15+ the number of people choosing to take profits may start to multiply.