WTE wedgetail mining limited

making good progress...key activity today, page-4

  1. 15,276 Posts.
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    Not many following this just yet it would appear...

    Could be a good or bad thing?

    Anyway, I'm not sure if the bigger players are ready to let it run just yet, but it does appear it might be on the verge of an important move?

    Judging by the rate of the rise recently, one would have to assume there are very few traders in this just yet...LOL...I imagine not too many real "traders" would be happy watching their money sit in such a slow moving stock.

    I suspect the pace of things might change however once the shares break through 4.5c and we start to see some decent volumes on the bid at that level...and maybe a few chips at the 4.6c trigger number?

    Although 4.5c is a very important number for the shares to crack, I see this as a weekly chart trigger and as such, I suspect it's fall will mainly atract "investors".

    The daily breakout trigger number is actually 4.6c, therefore once this number falls, I suspect the "traders" should start to take notice.

    I also imagine the options might attract a bit of interest at this point...pretty cheap if you ask me. LOL...you have to be patient to pick them up though...that is unless you are happy to hit them at-market, which I suspect will be the only way to pick them up once the shares finally run.

    Cheers!
 
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Currently unlisted public company.

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