RE:RE:RE:WM chartIn fact, if my memory serves me correctly and maybe this could be the regulation on the American exchanges, but after accumulating 10% of the stock, every additional increase of shares adding up to approximately 2% of the stock needs to be reported.
inviolablspirit wrote: I see the "troy ounce" policeman is back today. lol
I'm the idiot? If you knew anything regarding regulations then you would know 10% is the first theshold, 20% is the next. Oh buddy, if you don't know that, maybe you shouldn't be investing.
BuccsSnakeOil wrote:
inviolablspirit wrote: Well, if the market markers get through his week with no green days that would be 20 days straight of this stock closing in the red or neutral (i.e. one whole month of trading). It's completely ridiculous! If you go back to the chart and start on June 7, the stock has only closed in the green 4 days total out of 36 trading days. Typically a stock gets a few bounces like you see when this stock first started it's decline. It's not too often an investor ever sees no bounces at all in a stocks decline. I've seen stocks with no potential get crushed in the market that still had more green days in two months of trading than WM. I'm now curious to see how low an RSI can drop below the oversold. This stock may be a good example of what happens when the "tick test" or uptick rule has been removed from the exchange and an institution or a company is able to take advantage of that defect in the regulations. Considering the company currently has 4.3 million ounces of mineable gold in the ground and lots of potential, this is pretty obvious the stock is purposely being manipulated down for a reason. I am more than happy to continue buying shares at this price or lower to see what that reason is. Is Kirkland... oops my mistake... Agnico taking a larger stake in the company for a potential offer? Or just increasing their shares for the rebound. Is Sprott also taking advantage of this low price and increasing their shares. However, if Sprott crosses over that 20% share level, I believe there would need to be a news release, as this becomes a whole different situation when a company takes 20% of a stock. At this time they have remained under that 20% level. Time will tell.
Morning dummy. Both Sprott and Aem would need to report. The threshold is 10% not 20%
Bucco