Because I just looked back now and thinking about buying this crazy low price! At this price, for it to drip into the pennies, it has to be if bankruptcy evidence. So my question is... what's the probability of bankruptcy with Westport? Is there a better chance they get bought out than bankruptcy? Not much room for a short squeeze... but maybe a buyout.
The problem is also that there's now a low Short % of Float of only 6.0%. So there's little incentive to buy to play a short squeeze. End of 2014 it was a huge 35.0% Short of Float. So WPRT would always have one of those artificial doubling of share price in a few weeks short squeezes. No there's not enough shorts for a strong short squeeze. Not fun for new swing traders. The only good news for longs is that any rally will be more legit and not an artificial short squeeze. So rallies should last from here.
This WPRT endless downward push looks a lot like SunEdison SUNEQ now bankrupt. I cut my loss end of 2014 when WPRT was $7.00 and never looked back. I remember one hardcore long was saying just wait until 2015 and it will get back over $10.00. Two years later... its looking like headed to 10 Cents and not $10.00. Lol. I'm tempted to buy back now. Whats the deal... is this going bankrupt? Natural Gas engines not flying and diesel prices to stay low and electrical to become more popular?