TSXV:WEE.H - Post by User
Post by
everswannon Feb 05, 2010 7:31am
520 Views
Post# 16754960
2 possibilities
2 possibilities
1) A large order soon to be announced.
2) Take over bid
Must I remind all readers that WEE defied gravity yesterday.
Gravity was pulling down everyone.
For energy, oil sank to 73$
Fear was everywhere.
If this stockwas correlated with market, it would have sunk. The sudden burst from 2h15 to 4 pm cannot be attributed to irrational exuberance, it was a panic day on the market.
Also, large volume noted for WEE +800K that 4X a normal 2010 trading day 8X a low volume day and 2X a normal day from 2009.
Institutional buying - ie Anonymous, Cannaccord, Jitney accounts.
Cannaccord turned from sellers to major buyer.
Something was leak days ago and it got the market attention yesterday.