Wallbridge Mining Company Ltd T.WM

Pepperino

[russelltfloyd]

When you get a chance please explain what you mean by 1000 block manipulation trades. Tia.

[pepperino]

Russellfloyd, Well, I am far from an expert, but what is constistently happening throughout the days/weeks is one house selling a 1000 shares at a half cent lower than the current price.  If the price is 7 cents, with larger blocks exchanging hands, a 1000 shares will trade, from the same house, for 6.5 cents a share.  Yesterday the market went down to 6.5 cents and you could see those

[dutchmann64]

Appreciated your input here.  Informative without all the nonsense.

[russelltfloyd]

Thanks  for the response but I beg to differ. Going back in time to before electronic trading stocks were generally traded in lots of 100 minimum. Any trade not a multiple of 100 was called an odd lot and was more expensive to trade. Even lots of 100 applied to nonpenny stocks. The convention applied to penny stocks was lots of 1000 for obvious reason. Trade data showing houses do not

[russelltfloyd]

Further, trade price is generaly to penny for regular stocks. Penny stocks are of course different especially small quantities because it's hard to process a portion of a penny, hence trades need to be sizexprice ending in a .01. Note trades are thus at .055 .0525 .05125 etc depending on quantity. Anything less than a full .01 is difficult for accounting. 

[pepperino]

I appreciate the difference of opinion.  I can handle polite discourse.   If you follow the trades (I haven't see any today that match what I was seeing) you can see its the same selling house and the same buying house.   If you have the time, keep an eye on it and see for yourself.   It's not just one seller and a bunch of differnet buyers.  

[russelltfloyd]

Which house? Houses disclaim if they are a marketmaker in a particular issue 

[pepperino]

Interactive. I don't see them listed on the TSX list of market makers. Can they be listed on one o fthe other exchanges in Canada?

[russelltfloyd]

I don't believe they are market makers but simply a trading platform. Psychology shows that the mind tries to make patterns out of data whether there's any actual connection or not. Crow just wrote something about machinegunning of trades. If there is an all or none order of say 10000 shares bid but only 9000 are there at ask there will be no trade until another 1000 shows up and that will

[pepperino]

Possible.  I'm not sure why an automated program would always sell into the bid right after a trade at the sell price.  

[russelltfloyd]

Depends on the program and may many parameters including quantity by time or date dependant on price and or volume and relative to dividend date and or option expiration and or option gamma etc ad infinitum.  That's why it's pointless and only for dumb money to even pay any attention to daily trading on a site like stopwatch. It will just mess with your head, no benefit. Most big

[dutchmann64]

So I have had discussion with Brian P on this type of action and also have asked the question about the short position. More specifically I had asked what his plan was to mitigate the associated pressures on the stock because of this activity. Do they have a plan in place to mitigate the pressures on the share price?  He did respond but not did not give a detailed response. He did say that he

[pepperino]

The one sure-fire way I can recommend the company combat any shorting issues is to have a successful drilling campaing.  I know that is obviously impossible to 'try' to do.  However, if they can add 1.5 million in resources at Martiniere, it will make a big difference ot the share price.  

[russelltfloyd]

True. There is zero they can do about shorting which is both legal and useful to the market because it allows for hedging. A billion shares outstanding short interest isn't even high and not the real problem.