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Bullboard - Stock Discussion Forum Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.

GREY:WFEMF - Post Discussion

Woulfe Mining Corp > Stock Price Pressure
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Post by Segusmundo on May 20, 2015 11:15pm

Stock Price Pressure

I agree with Volfram's recent post, it seems possible that Woulfe's share price is currently under pressure from recent sales. In my opinion only, modern sales by client(s) of a particular broker listed on Stockhouse Level II have dampened current potential Woulfe stock price increases. Recently, when Woulfe prices appeared to be escalating, client(s) of this broker offered a wall of hundreds of thousands of shares at or near bid price. With limited buy volume, this increased supply immediately limited stock price increase to that ask level. Later that large lot was removed or reduced. More recently, client(s) of this broker began offering smaller but seemingly unlimited lots; more than enough supply to satisfy current demand volume in the .045 to .055 price level. Today, I tried to take out today's Level II offerings of client(s) of this broker by buying all 115,000 shares listed at the .055 ask price (.0471 on WFEMF). At least for a moment, taking out that .055 price limit brought up the next WOF 13,000 share lot offered (which is still there) at a .07 ask price. However, just as quickly, client(s) of the same broker offered 20,000 more shares at .055 which apparently were not sold, therefore, .055 currently remains as the WOF ask price on the stock. Meanwhile, it also appears as noteworthy to me that on the Stockhouse level II, no lots are currently offered between the .055 ask price of this broker and the .07 ask price of the next lot offered by another broker. In my opinion only, barring increased demand, or a limit to the supply and /or willingness of this broker's client(s) to sell at current prices, I see no meaningful basis upon which WOF's stock price can increase from the current ask price range established by these sales. At this stage, I am not quite certain what to make of this circumstance. Seg.

Comment by Segusmundo on May 20, 2015 8:29pm
I stand corrected on my last post. Client(s) of this broker made additional sales today at the .055 level, as did one other broker of a smaller lot of 3,000 shares. Sorry about this error. Seg
Comment by GaiusGermanicus on May 21, 2015 2:37pm
That was a hefty purchasse to test a theory, but it worked.  I've also noticed unusual market maker activity recently.  Unfortunately until my accountants get around to doing my lat 3 years of taxes I'm alittle leery of trading around right now, so I converted to all long term holds until they can hopefully catch up.
Comment by Adrammelech on May 21, 2015 3:03pm
I had been considering flushing the asks out until .07 last week, but I am glad I did not. Glad you ran the same test Gaius. I figured a small amount would due, but sure enough another 20k sits after your buy. To the asker, make a solid total so I can consider buying you out.. unless it is like 20 million... GLTA Longs, Adrammelech
Comment by GaiusGermanicus on May 21, 2015 5:43pm
Or we just keep buying blocks as we can afford them until he runs out, or we find ourselves in control of a significant minority stake.
Comment by sage4hus on May 21, 2015 5:50pm
haha. I learned I can do only so much by slapping asks months ago on other junior mining stock on OTC. I moved the pps just little just for a day. MM's do not show all and counting shares on L2 is meaningless on OTC, Pink, etc
Comment by chizzles on May 21, 2015 7:53pm
But how do you (MM's) not show all of the level 2? How can that even be done? If I want to sell 100 000 shares at 0.055, how do I only show 20 000 and have the remaining 80 000 hidden? Very crooked, but I have no idea how the exchange (CSE) even accepts that.
Comment by sage4hus on May 22, 2015 12:58am
I was talking about US OTC market where lots of manipulation/violation going on. I heard L3 shows all which MM's use. I do not know CSE.
Comment by abc111 on May 22, 2015 3:35pm
Sage yes only L3 shows them all and is used by mm's. We little fish don't have access to that unfairly.
Comment by Segusmundo on May 21, 2015 9:07pm
According to the Stockhouse L2 today, all CSE sales conducted were from client(s) of broker #007, TD Securites, Inc. at .055. As soon as one lot is purchased, another lot appeared at .055 from #007 eventhough the next competing ask price offered today remained at .07, and above. For a seller attempting to maximize profit in sales, in my opinion only, this sales technique appears unusual as if to ...more  
Comment by Segusmundo on May 22, 2015 10:49am
Is the cat out of the bag? My congrats to the Woulfe long trader who just blew out 152,000 shares of  the.055 asks of client(s) of  broker #007. At least as of 9:41 am CST, the ask is now .06 and broker #007 hasn't put any more .055 share lots up, or at least those which currently appear on the Stockhouse L2. With enough demand pressure, perhaps this stock can increase and get more ...more  
Comment by GaiusGermanicus on May 22, 2015 11:35am
That move fried the WFEMF .051 asks as well, leaving it at around .062 US with almost no real bids in the queue . . . Seems apparent that when anyone wants any significant amount of this stock they're almost always stuck paying the ask.
Comment by Segusmundo on May 22, 2015 11:41am
To test my hypothesis, at approximately 10;30 CST, I  placed an order for 11,500 of WFEMF limit .06. I filled the 11,100 ask at .051 USD and the 400 at .59 USD. Hopefully some other longs will throw some support to our stock today to ensure a little happier Memorial Day Weekend and maybe a breakout that will lead to sustained increased prices in the future. Seg. 
Comment by abc111 on May 22, 2015 3:30pm
haha thanks Seg, it was you, the sole purchaser, so far today on OTC. Thanks for the lift albeit daily flutuations don't mean much untill this trades meaningfully/actively. Also you meant the last 400 @ .0509. Good luck to us longs and enjoy the long weekends all!
Comment by Segusmundo on May 22, 2015 5:55pm
Thanks to significant and continued  support from all of our LONGS today, our stock finally broke out from the clutches of seemingly unlimited .055 share sales. At the close, our stock was up 27.27% for the day on signifcantly increased trading volume. With another 39,000 share purchase, we could have moved to .075 ask. Hopefully, in the future, we can continue price support on the stock by ...more  
Comment by chizzles on May 22, 2015 7:36pm
I wanted to take part today but had no more money! I helped a bit yesterday, purchasing 20 000 shares. In the past few months I have kept adding at these prices to help keep the share price in this range. Prior to the December/January NR's, I owned aprrox 200K shares, now I own 530K. Just curious, who was part of this today? I will continue to add as funds become available. Yes, good luck to ...more  
Comment by chizzles on May 22, 2015 7:38pm
Oh yeah, have a great long weekend to my fellow investors to the south, hopefully when this is all done, every weekend will be a long weekend!!!
Comment by Segusmundo on May 22, 2015 7:46pm
Below are today's time and sales prices for Woulfe. The sale highlighted is inexplicable to me. Why would the seller's ask price in this circumstance (.05) be approximately 28% under the value of the preceding trade (.07), the prevailing market price at the time? Time & Sales     Price Size Mkt Time ...more  
Comment by sage4hus on May 23, 2015 4:37am
Nothing new- isn't it called manipulation?
Comment by threebigwinners on May 24, 2015 2:31am
This post has been removed in accordance with Community Policy
Comment by GaiusGermanicus on May 24, 2015 4:21am
Peddle your spam elsewhere . . . I'd show you to the testimonial, but it didn't turn out that well, turns out folks can't write very well once you pull their fingernails.
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