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Bullboard - Stock Discussion Forum Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial... see more

TSX:WRN - Post Discussion

Western Copper and Gold Corp > Another reason
View:
Post by MetalMinded on Apr 19, 2023 2:44pm

Another reason

To ignore daily SP fluctuations...

daily trading volume is <0.1% of share float.  As a percentage of shares available, hardly any are traded on a daily basis. It is my belief that the vast majority of these shares traded daily are day traders looking for a few quick cents per share per day.  It's like their little toy.  No majors moves is a good thing, as well as how bad it feels for this not to pop, because no major parties are exiting their large positions.  They are holding just like us.
Comment by Diamondboy123 on Apr 20, 2023 4:11pm
Thin trading up .  Thin trading down. No insider action whatsoever. How can it go up?  If your not a trader this stock has been and continues to be dead money.  
Comment by jclarke042 on Apr 20, 2023 4:52pm
Lots of reasons come to mind: 1. We gained 54% from November, and it "needs to cool off." Lame, I know. 2. Copper is off almost 3% this week. We seem to follow whatever copper does during trading hours. 3. I bought more. 4. We gained 13% from the Mitsubishi announcement and those traders are leaving. 5. Questions on when permitting actually starts.  6. We fail to clearly, even ...more  
Comment by Sooner on Apr 20, 2023 5:05pm
I'm going with option 3. You got same luck as me! 
Comment by gratvalyou on Apr 20, 2023 7:15pm
#7 Paul selling again Grat
Comment by MetalMinded on Apr 20, 2023 4:53pm
While you are in Vegas, and your money is on the table (or bet on a sports event) and you are waiting for the game of chance to end hoping for a payout, the money is "dead".  Even with dividend paying stocks that payout once or twice a year, the money is dead money while you wait for the dividend.   So, if you want to call my "bet" dead money, fine.  If you ...more  
Comment by Diamondboy123 on Apr 20, 2023 5:09pm
Don't disagree with either of your positions. Just think it's gonna trace back for a bit at least. I've bought recently too. If it goes down further I'll buy more. Having said as such, I'll be buying more shortly. I feel like mike corleone.  Every time I try to extricate myself from this morass I'm sucked right back in. 
Comment by MetalMinded on Apr 20, 2023 5:17pm
When I was younger, I used to momentum trade stocks.  I'd buy them in the downswing and sell them on the upswing.  Sometimes this cycle was a matter of days.  I'm much older now and don't have the energy to do this anymore (not that WRN would have qualified as a momentum stick for me back then).  I am a "find, buy, and hold until it hits my goals, then sell ...more  
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