GREY:WFEMF - Post by User
Comment by
74volframon Dec 26, 2014 9:55am
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Post# 23265548
RE:Stock price at .0021
RE:Stock price at .0021I looked at bid/ask on the OTC after the 4000 share last Wednesday dump, and it was "normal" at 4/5c. CSE was 5/6c. It also looks normal now at 4/6c OTC. CSE is closed today.
On the other hand, why anguish over $10 worth of transaction the day before Christmas? The market for Woulfe is very thin, particularly OTC. Tax loss sales are typically done at market, and if the top bid or two disappear just at the right time, any sale at market will go all the way down to zero or very near it. Whoever did that probably realized $ 500-1000 loss and saved $150-300 worth of taxes. which is OK.
One needs to be quite the optimist or rather enjoy self-inflicted pain, to be investing in the junior miners right now. The sector has no love, and besides Woulfe's management does not behave promotionally like a typical junior. which may be even a good thing right now, because promotions are likely be second guessed and sold off anyway. In any case it is not that they are not doing much, quite the opposite. They are also not hiding what they are doing. The important data is out there, just needs a little patience to collect and analyze.
In the end results are what matters and it will soon be clear which way this is going.