GREY:WFEMF - Post by User
Comment by
mercurysmithon Apr 24, 2014 3:46pm
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Post# 22488067
RE:Right
RE:RightNo trading of any consequence this month (.085 - .105 range / only 3 days over 100K volume / no days over 250k volume). One consequence of the move to this C market is it involves far fewer day traders than on the V (because getting in and out in a short window of time is difficult given the low volume). I actually like that part of this new exchange. Ultimately, none of us will make any money with Wof unless one or two of the bigger players decide it is time to advance the Sangdong mine into construction/production. Not even the day traders can make much on it now (although it may be tempting to them to buy at .09 and sell at .10). The volume is just to low to make much money that way. A bit like a penny slot machine--not much return on investment. There is a reason they no longer make penny slot machines.