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Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.


GREY:WFEMF - Post by User

Post by Segusmundoon May 20, 2015 11:15pm
236 Views
Post# 23747775

Stock Price Pressure

Stock Price Pressure

I agree with Volfram's recent post, it seems possible that Woulfe's share price is currently under pressure from recent sales. In my opinion only, modern sales by client(s) of a particular broker listed on Stockhouse Level II have dampened current potential Woulfe stock price increases. Recently, when Woulfe prices appeared to be escalating, client(s) of this broker offered a wall of hundreds of thousands of shares at or near bid price. With limited buy volume, this increased supply immediately limited stock price increase to that ask level. Later that large lot was removed or reduced. More recently, client(s) of this broker began offering smaller but seemingly unlimited lots; more than enough supply to satisfy current demand volume in the .045 to .055 price level. Today, I tried to take out today's Level II offerings of client(s) of this broker by buying all 115,000 shares listed at the .055 ask price (.0471 on WFEMF). At least for a moment, taking out that .055 price limit brought up the next WOF 13,000 share lot offered (which is still there) at a .07 ask price. However, just as quickly, client(s) of the same broker offered 20,000 more shares at .055 which apparently were not sold, therefore, .055 currently remains as the WOF ask price on the stock. Meanwhile, it also appears as noteworthy to me that on the Stockhouse level II, no lots are currently offered between the .055 ask price of this broker and the .07 ask price of the next lot offered by another broker. In my opinion only, barring increased demand, or a limit to the supply and /or willingness of this broker's client(s) to sell at current prices, I see no meaningful basis upon which WOF's stock price can increase from the current ask price range established by these sales. At this stage, I am not quite certain what to make of this circumstance. Seg.

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