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Bullboard - Stock Discussion Forum Wescorp Energy Inc WSCEE

GREY:WSCEE - Post Discussion

Wescorp Energy Inc > 12 cents
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Post by stockdom on May 04, 2011 1:08pm

12 cents

It seems that with all the selling over the last few days that the stock should be down around 8 cents but yet the stock yesterday and today hangs steadfastly at 12 cents. Or is this really selling?

Some times when a stock appears to be selling off but does not move lower indicates accumulation. Here's hoping for the best. Comments welcome.92FX

Comment by goldminegirl on May 04, 2011 3:56pm
I think you are seeing the indications of a healthier market for Wescorp. For some investors who got into the stock at the recent lows this is more than double their money so some profit taking should be expected. At the same time we have buyers who are taking it at the current price and volumes and sellers are not backing down. With the volumes (compared to how much is out though its not HUGE ...more  
Comment by pioneer69 on May 05, 2011 2:21pm
So much for that theory...
Comment by Bigfoot99 on May 05, 2011 3:10pm
At .12 cents, in order for someone to have doubled their investment they would have had to get in at under .06 cents. So I have no idea where you would come up with sellers are selling because recent buyers have "more than doubled their money". Selling can be expected because management is good at making shareholders wait longer than anticipated. Because with every news release it only ...more  
Comment by goldminegirl on May 05, 2011 11:04pm
Bigfoot in my stockhouse window I see to the upper right a note on our 52 week high and low and that our low has been 5 cents. Somebody would have had to have bought shares at that price and if so 12 cents would be more than double. I also draw your attention to the recent announcement of working with a marine industry company. I do not think the mention of that company ...more  
Comment by Bigfoot99 on May 06, 2011 7:45am
Trust me, no one doubled their money with a recent purchase of this stock. The .05 was an erroneous first tick of the day that was for about 100 shares. Selling is due to managements slow pace and mishandling of the unit from day one and not because people are taking profits. The share price sits where it sits because they have no confidence in this management team. And shareholders don& ...more  
Comment by stockdom on May 09, 2011 9:36am
goldminegirl, you are in luck. The sp is selling at 6 cents again. Buy now and double you pleasure double your money just like the traders that you were talking about.
Comment by stockdom on May 11, 2011 11:31am
Pioneer, you need to have an idea how the market makers work.
Comment by pioneer69 on May 11, 2011 11:48am
My post was in response to goldminegirl.
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