GREY:WFEMF - Post by User
Comment by
Majormac79on Aug 16, 2012 10:50pm
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Post# 20227746
RE: RE: RE: Market movement
RE: RE: RE: Market movement "Gaius, I think Mtlimpact explained it. Someone bought up a lot of the PP shares for $.20 and then immediately sold them on the open market for $.19--this was actually a great hedge--their total down side was the 5% loss with the sale."
That would sound reasonable if it was selling into the market (pushing the price down), but the volume bought the market up so I think that theory is flawed. I'm still thinking this is insider information which dundee couldnt resist buying in to. Those who have followed woulfe with me over these last couple years have all seen this pattern a week or two before some big and unexpected news shoots the share price up.