Woulfe Mining Corp WFEMF

Market movement

[maz06]

I dont' quite understand all this selling for the past couple of days with no news. As to my knolwedge (correct me if i'm wrong) stock priced at less than a $1 cannot be shorted. Does anyone know the reason why its hitting $.19 ? 

I know people will say its a great opportunity but there is got to be a madness is selling it at such a low price. I can't see the people who bought it at the $.17 dip making their sales now.

 

thanks,

[Majormac79]

This market sells on any news, good or bad. Ive seen it on other stocks I follow as well... Its insane!

[billchippy]

this is what high speed trading does to stocks, they like to wait till you put your money in, then they wipe it out, they sell anything for a one percent profit, but they do it thousands of times an hour, its a $14 billion dollar industry, until some serious money comes into woulfe the robots will be driving it down, its just reached my buy in price, my finger is on the sell button and i might

[GaiusGermanicus]

I dont' quite understand all this selling for the past couple of days with no news. F U D, Fear, Uncertainty, Doubt.  Every day goes by without news of the IMC deal more people start to panic, get itchy, realize what will happen to Woulfe if this falls through, and bail. I like it when companies are hatching deals that may well make the company and they have to go into a quiet period

[mercurysmith]

Gaius, I think Mtlimpact explained it.  Someone bought up a lot of the PP shares for $.20 and then immediately sold them on the open market for $.19--this was actually a great hedge--their total down side was the 5% loss with the sale.  That was the cost to them for buying the warrants.  If Woulfe becomes a 5 bagger within the next 2 years, then that becomes a lot of risk-free money

[Majormac79]

"Gaius, I think Mtlimpact explained it. Someone bought up a lot of the PP shares for $.20 and then immediately sold them on the open market for $.19--this was actually a great hedge--their total down side was the 5% loss with the sale." That would sound reasonable if it was selling into the market (pushing the price down), but the volume bought the market up so I think that theory

[GaiusGermanicus]

It WAS certainly better for the new investors to buy their shares at bulk at current market price rather than sell at a slight discount, but sell to WHO?  Dundee buys .20 sells .19 but WHERE?  Someone who knows nothing at all about the industry is unlikely to buy that many, and we certainly haven't seen anything that approaches that volume on the private markets.  That means

[Dickles]

Major ...you got the finger right on the nose (not in nose :) ) or hammer to nail head if you prefer.   GLAH