InvestorsHub Logo
Followers 4
Posts 1017
Boards Moderated 1
Alias Born 07/19/2007

Re: glenmorangie2 post# 3164

Friday, 12/07/2007 2:07:13 PM

Friday, December 07, 2007 2:07:13 PM

Post# of 6597
I think it's possible we could've traded the float this week. Think about it...say you're some joe shmoe off somewhere and you think WRII is gonna be your lotto ticket to fortune. You buy 1,250,000 shares at 0.0004. But you're probably not the only one...say 200 joes come along and think exactly the same thing. That makes for trading the entire float...and I'm pretty darn sure people aren't just gonna put 500 bucks on it either.

Now say joe gets tired of waiting and tries to sell 3 days later. Only joe shmoe gets very impatient waiting for his broker to sell his shares, and thus, joe drops his ask price to sell at a loss (thinking he'd better cut his losses and move on or the kids won't be having a good Christmas). Well, at this point you could trade the float several times, but it doesnt mean jack sh*t. Catch my drift?