RE: Capitulation not here, timing on low volumeBeedope: Despite you're being a shameless promoter, I don't disagree with what you're take on the down trend on low volume. It really doesn't make sense. Nor does it make sense that the same institutional investors that are holding onto large portfolios through this downturn are not buying more at multi-year lows. Their convictions about WPT's future are obviously not that firm.
My biggest problem with WPT management is that they seem content to hold the course through it all, while "the course" has failed to meet targets, failed to deliver meaningful sales and is kicking the crap out of longs. And Demers has nothing to say.
Combine this with the insider selling, Demers' family trust nonsense, and David Baines' earlier reports on Demers' record, and tell me shareholders don't have every right to be skeptical and thoroughly PO'd. Demers, step up to the plate!
I only own a few thousand shares. But who are the major shareholders and why are they sitting idly by? Which brings me full circle: it doesn't make sense.