RE: Trading todayAnd the volume and pace of trading has slowed down substantially to thepoint that there now can be 10 minutes or more between tradesconfirming that the momentum, hot money, day traders have moved on togreener pastures.
Thus we have what I call a normal market - finally after all these months!
This is what I posted last Thursday morning and boy did things really get 'normal' on Friday.
In fact the last trade of the day took place at 3:25:40 PM can you believe it!!!!!!!__That means there was nobody, neither seller nor buyer, willing to move from their bid/ask for almost 35 minutes!!!!!!__Even after the ask was dropped down to 43.5 cents from the last trade at 44 cents.
Furthermore all of the manipulation brokerages all disappeard on Friday__No sign of Jitney #99, nor Anonymous #1 or the old Iceberg #62 - or even the likes of Canacrap - they all were gone!
So looks like whatever #62 had been up to ever since last fall and all the short selling and other manipulations we endured last week are now likely a thing of the past and WEF will now trade with much less volume and less volatility with the share price moving in response to company news and the overall forestry sector outlook.
All of the above becomes quite evident if you look at the recent trading history on SH
Date | Open | Day High | Day Low | Close | Volume |
|
|
4/30/2010 | 0.435 | 0.45 | 0.43 | 0.44 | 422,100 |
|
4/29/2010 | 0.42 | 0.455 | 0.41 | 0.415 | 929,744 |
|
4/28/2010 | 0.435 | 0.45 | 0.40 | 0.405 | 1,822,118 |
|
4/27/2010 | 0.42 | 0.48 | 0.42 | 0.43 | 3,612,657 |
|
4/26/2010 | 0.54 | 0.55 | 0.425 | 0.43 | 7,438,620 |
|
4/23/2010 | 0.48 | 0.59 | 0.455 | 0.54 | 10,651,640 |
|
4/22/2010 | 0.425 | 0.52 | 0.425 | 0.465 | 20,936,060 |
|
4/21/2010 | 0.36 | 0.39 | 0.36 | 0.38 | 5,351,480 |
|
4/20/2010 | 0.34 | 0.36 | 0.34 | 0.355 | 3,300,611 |
|
4/19/2010 | 0.325 | 0.365 | 0.325 | 0.34 | 1,311,590 |
|
4/16/2010 | 0.33 | 0.33 | 0.30 | 0.325 | 326,800 |
|
4/15/2010 | 0.325 | 0.33 | 0.31 | 0.33 | 166,000 |
|
4/14/2010 | 0.325 | 0.33 | 0.305 | 0.31 | 198,326 |
|
4/13/2010 | 0.33 | 0.33 | 0.32 | 0.33 | 439,000 |
|
4/12/2010 | 0.33 | 0.33 | 0.325 | 0.33 | 156,930 |
|
4/9/2010 | 0.335 | 0.335 | 0.325 | 0.33 | 403,600 |