WLT Shares haulted at 2pm....Could not refi debt....Bad Call to buy by bottom.picker.....Will cause major liquidity problem if not resolved soon...May reopen at 9 or lower...after this terrible WLT buy that you made, your comments regarding SKUL can be taken with a grain of salt....With that said I feel your pain, been there done that. But I do not go on other boards and pump my stocks.
First and foremost, I did not pump or recommend the stock to the folks on this board. It was a conversation I was having with 'OnePoint'. Get your facts straight...
I guess you need to do more due diligence before you start posting. Take a minute and read the response from the company first. Today was def. a terrible day to be long WLT, but it was a knee-jerk reaction based on a Forbes article. I hope a lot of shorts jumped on the news and might be forced to cover next week. Either way, I'm long via options (Sep. calls) and volatility would only juice up their premium. WLT can as easily move up 20%.
Bumber Picker. So all that volume in April and May was distribution. Someone always knows. Was there a lot of bullish news/pseudo-news in these last days?
Your June monthly volume just shot up to 86M shares and it's only 1/2 way thru the month. I know you don't believe that you can compare volumes from way back in December 2009, but in my decade plus experience using volume I can assure you that you can. You now have 86M and rising versus 47M in 2009. $11.12 will get blown away....next target, $5.
I don't know the details of your position, but if I owned the stock, I'd be out ASAP...pull the trigger and ask questions later. 99.9% of the time that is the right move. Oh well, sounds like you are taking it well which a sign of a seasoned trader.....you learn to live with losses and to keep them small.