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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 GaiusGermanicuson Jan 22, 2013 5:19pm
415 Views
Post# 20874425

All I care about . . .

All I care about . . .

Is that the delay is shaking out weak hands and let me more than double up in the mid 20's when I thought that the train had left the station.  I was without additional investing funds until this month so this delay has been, for me at least, a blessing in disguise.  Yes, I jacked my average up a little bit, but it's not going to matter much in the long run I suspect.

There aren't as many people willing to sell under .28 as there were, it's going to be increasingly harder to get decent sized lots at a limit price as the market depth on the ask side gets thinner and thinner.  Time to up the bids unless you want incomplete orders or non-executions.  Non-executions, etc, usually don't bother me though so I worked it by putting in lowball limit prices tracing the way down.  Sure two of those p . . . er, no, after today ONE of those positions is still underwater, but I'm not terribly worried about it.

This is a long term hold, not a flip play.  If you play it like a flip play you'll get burned.  As interest wanes and news remains black (and it will as they're all no doubt in a quite period), perhaps you'll get a cheaper entry price, but until Sangdong proves production and deliver to the refinery, you won't see significant profit here.

You might see more chances to buy cheaply though.

 

 

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