GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Sep 10, 2014 5:37pm
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Post# 22924852
RE:RE:Depth/Level II Ask is thin for Woulfe Mining Corp WFEMF, WOF
RE:RE:Depth/Level II Ask is thin for Woulfe Mining Corp WFEMF, WOFAt least on WFEMF most of the market sellers have been small retail shorts, the market makers however seem to be slowly lowering the bid and ask with their dominate positions, giving a chance to either pick up a few shares before they move it back up, or dump some to get them to move it down, in either case no large shareholder could sell or buy any signfiicant amount of stock without, at least at this point, GROSSLY changing the price of the stock one way or another.
A recent market sale on WFEMF floored the thing to .001 for a brief period recently, just because it blew ENTIRELY through the market depth. And I think THAT sale was only about 50,000 shares. If I tried that with my cache it'd be an utter disaster. There just isn't any market depth there. You're pretty much restricted to buying it 10k shares at a time unless you want to set a higher limit. Same with sales, and the amount you get for every 10k block will return you less and less.
Of course if this stock starts trading at a decent clip and at reasonable prices that wouldnt' be an issue, but that won't happen until either its paying dividends (thus giving SOME idea of its value) or it starts to publish things on its web page that aren't so old as to be unreliable anymore. I want to know whats happening NOW . . . . and have decided just the thing would be a live streaming web cam at the work site . . . . how about it guys? That'd be a GREAT addition to the IR page, web cam a remote operator can take control of and pan and zoom around. Multiple IP webcams would be better.
Nothing makes a mining company stockholder happier than seeing a working mine WHILE its working.