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Re: lvhd post# 16289

Wednesday, 04/04/2012 12:40:44 AM

Wednesday, April 04, 2012 12:40:44 AM

Post# of 54377
The question in my mind is was the buyer at $0.0015 the seller at $0.0022? Basically what is the timeframe traders are willing to hold MWWC for.

Only 45,000 sold at 0.0022. $31 profit. LOL


If that trader booked a good profit on a percentage basis, however small the dollar amount, they've achieved their goal (profitable day trade). Granted they haven't made a fortune, but I'd guess that the prospect of a small gain was better than being trapped as the price declined.

As a reminder of how rapid the price collapse has been:
Currently MWWC is trading around $0.0020 (lower trading range is starting but we'll use this as a data point)
In early March MWWC traded around $0.0060
In early February MWWC traded around $0.0090
For all the big name clients, this is an increasingly risky stock to consider acquiring or holding.



If the TA is gagged you can bet it's not in the shareholders best interest.