GREY:WFEMF - Post by User
Comment by
Giftedoneon Apr 05, 2012 1:06pm
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Post# 19763786
RE: a .30 stock
RE: a .30 stock You must be new to the Junior mining sector. Volume in this stock has been fantastic compared to most Juniors. Keep in mind as well that we are going into Easter holiday and trading always slows down.
Not much is going to happen until the financing is announced. The pre-announcement excitement and publicity generated high volume as one would expect. Those that wanted positions have already bought.
A lull before the announcement - especially that it has been delayed - is completely what one would expect.
Most institutions do not tend to buy on publicity. They wait until the money is in the bank.
Once the money is in the bank we will see volume increase.
Buying is slow but there is also a lack of selling which is quite positive.