Don't forget WFT had a huge UP day on Monday so there were a lot of people taking profits once the MM's began their inevitable walk-down. MM's love to take out stop losses and there will always be back-filling after a big move up like Monday - nothing ever goes up in a straight line. With patience and if management is serious about the new culture of profitability now that all the accounting issues are resolved there is a LOT of upside from here. One good clean quarter with a positive outlook and it's back to the $20 range. As volatile as it is daily I don't even try to trade it - just holding for the longer term looking for some significant gains. I like the fact the insiders have been putting serious money in at these levels. I also like the apparent commitment that has been made to focus on profitability and the "new culture" of results that has been put in place. All the components of a real turnaround are there - if they deliver the goods it is a real home run holding from here.
Key words in your posting are all the IF's. I think shareholders would be better off to vote abstain on all directors. The confidence in management has faded. If you look at the buying and selling of insiders this company is a cash cow for them along with high salaries for poor performance.