West Red Lake Gold Mines Ltd V.WRLG.WT.A

A Real Head fake

[Martyboss]

A real head fake this morning , thought this was going to be a good day, but they pounded  it back down as fast as it went up, Seems to be a lot of non beleivers in Wrlg right now , Drilling aways off yet ,so no results coming from that for a few months, surprised it is still hanging around in the mid .50s.

[marketsense]

My sentiments exactly..  The sellers seemed caught off guard this morning and then  suddenly showed up with a vengeance and beat this back down in a hurrry.   Almost like it was done on purpose in order to send a message.  I'm not sure what that message was but I have an idea.  Anyone else have any ideas they'd be willing to share?

[Fotojoe1]

I don't think that market likes the first of the last two private placements...

[marketsense]

Hmm,  I still like their prospects but there is a lot of loose shares they need to clean up.  That is an ongoing issue left over from the financing.  Not untypical when there are warrants attached.  Many investors sell their unit stock and keep the free wts.  Until those units shares get sopped up,  its impossible to gain any traction as wave after wave of selling