Wisdom Homes of America Inc (OTCMKTS:WOFA) Crashing Horribly

[[tagnumber 0]][[tagnumber 1]]Wisdom Homes of American Inc (OTCMKTS:WOFA) had been sliding down the charts for quite some time now and the daily volumes were pretty pathetic, with some of sessions ending without a single traded share of the company stock.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As of the beginning of August we saw the ticker drop below the one cent per share mark and continue to slide, reaching new lows. This is rather strange, considering the fact that the company’s financials are pretty decent for the market cap that the stock commands. Here is a quick look at what [[tagnumber 6]]WOFA[[tagnumber 7]] had to show at the end of June.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $252 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $2.6 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $3.7 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $1.3 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $1 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers are pretty decent and it is surprising how the stock has fallen so far down the charts and hasn’t managed to attract more trading. That, however, was until the end of last week. After the company was pumped for free by The Wolf of Penny Stocks we saw [[tagnumber 6]]WOFA[[tagnumber 7]] soar, gaining a massive 337.50% in Friday’s trading.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, such big jumps are often followed by a correction and the 8.57% that the ticker lost in Monday’s session wasn’t that big of a hit on the price. Yesterday, however, we saw [[tagnumber 6]]WOFA[[tagnumber 7]] lose a whopping 49.06% of its value and slide back to a close at $0.00326 while a total of 26.65 million traded shares generated $106 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]But [[tagnumber 6]]WOFA[[tagnumber 7]] doesn’t seem too keen on putting a stop to the sliding. Today’s session is starting badly once again and we see that the ticker is 20.25% down the charts as of the writing of this article. At this point, only time will tell how far [[tagnumber 6]]WOFA[[tagnumber 7]] can drop. It is, however, absolutely crucial that you do your due diligence and weigh out the risks before attempting any trades.[[tagnumber 2]]