Post by
inviolablspirit on Jul 27, 2022 12:00pm
WM chart
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.
Comment by
BuccsSnakeOil on Jul 27, 2022 12:10pm
Morning dummy. Both Sprott and Aem would need to report. The threshold is 10% not 20% Bucco
Comment by
BuccsSnakeOil on Jul 27, 2022 12:12pm
Lukas died of brain cancer. Knowing mining you know Lukas right? Bucco
Comment by
Currower on Jul 27, 2022 9:11pm
NO SALE UNDER ANY CIRCUMSTANCES
Comment by
Currower on Jul 27, 2022 9:16pm
Stockhouse moderators better act on this. Your board is out of control.
Comment by
inviolablspirit on Jul 27, 2022 12:17pm
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.
Comment by
inviolablspirit on Jul 27, 2022 12:26pm
In 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.
Comment by
BuccsSnakeOil on Jul 27, 2022 12:59pm
I think its every single share here myself. Do you have a Murphy bed in the back office also? Bucco
Comment by
BuccsSnakeOil on Jul 27, 2022 12:57pm
But I do know that. Youre the one who doesnt. Bucco
Comment by
inviolablspirit on Jul 27, 2022 12:35pm
Yes, I believe you are correct, they would need to report to the regulators by day 2 of the purchase. Though the public may not get the disclosure of the purchase for several days after that. I'm a little rusty on the rules and regulations, but it's not hard to look them up.
Comment by
BuccsSnakeOil on Jul 27, 2022 2:04pm
Your portfolio of 2 stocks it seems. Both trading below $.15. I dont subscribe to the postion that to post on any stock one needs to be long. One can be short, an observer or a basher. One can also just be trying to fill a social void from a lack of personal relationships. Bucco