WMC 0.00% 20.5¢ wiluna mining corporation limited.

Bigger players will wait patiently and watch existing SH...

  1. 2,824 Posts.
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    Bigger players will wait patiently and watch existing SH continually selling down on low volume. There is still room for the SP to move from here as current holders do not have a bone of conviction to hold and not settle for a decrease in SP. Most of the other goldies are up today or managed to stay square. This keeps getting abused by existing SH handing over shares. Look at MOY peeps only 20k traded and 19 sells for the day because holders are not being drawn into the sell by traders and accumulators trying to steel their shares. Until current holders change this will continue to be abused on low volume. Low volume should equal a hold on current price at minimum not down 4.5% peeps. Simple supply and demand, economics 101 here. If the supply was large than yes a decrease in SP is warranted. Small sellers doing the damage here playing into traders hands not the company.  
    Last edited by Hiddenvalue: 09/11/18
 
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