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Bullboard - Stock Discussion Forum Western Wind Energy Corp V.WND

TSXV:WND - Post Discussion

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Post by lunderk on May 31, 2012 4:03pm

1.28

WND jumped off a cliff in the last few seconds of trading  as the bid side fell all the way to 1.03 with a 1.28 offer which was hit for the low of the day.     PI Finiatial took the stock back up 1.40 with 9 seconds to go to close down 9 cents.
Comment by eljoro on May 31, 2012 4:06pm
Hate seeing that kind of stock gyration...wonder if they got some bad news about the grant. What else could explain the falling away of bids towards the close? I was having trouble getting L2 quotes for WND all afternoon. Anyone else have this issue? It could be with Scotia...   El Joro  
Comment by mm2m on May 31, 2012 4:30pm
I agree and no reason for any of this bs to happen. Have to remember that it was end of the month trading today and allot bought on margin thinking grant money would come and stock movement may actually happen with the financial results. Margin call may have contributed to thisrapid decline. Being frustrated as hell this is a little optimism I hope to offer before I jump off the cliff with the ...more  
Comment by impega on May 31, 2012 4:34pm
According to the news release the cash grant is merely delayed not in any jeopardy and Yabucoa financing talks are ongoing after further delays. Anybody speak to company reps today?
Comment by anott on May 31, 2012 5:24pm
Fell so low because no one is willing to sell.  The few sells were likely stop losses that got taken out.  Sucks to be them.
Comment by eljoro on May 31, 2012 10:38pm
Anott...your post confuses me. There were sells (asks), they were all above $1.40. But there were no buy orders all the way down. Agreed that some stops were probably hit to make it drop so precariously but where were the bids to suck up the stops? There simply are no new buiyers in WND these days, and that's disappointing. The news (apart from the confirmation that our 90million cheque has ...more  
Comment by CanackShack on Jun 01, 2012 12:00am
This post has been removed in accordance with Community Policy
Comment by impega on Jun 01, 2012 1:05am
I believe the conference call will be held but not till they receive the cash grant.
Comment by bart_dc on Jun 01, 2012 2:32am
answer to your question 2   - a big shareholder won't bother with the current price action after the bid fell through (actually the bidder was more or less sent away). I think small retail shareholders often misunderstand how investing works. This is no casino for those guys, they know what they invested in. - the big seller (although big is overstated, probably sold because of the ...more  
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