Trading...
posted on
Feb 19, 2011 11:17AM
Discovery and development of precious metals - New Brunswick & Manitoba
............has sure become apart of the average persons life style. To-day, one can go on - line and take lessons which sure is a good idea and helps to level the playing field for the small guy ( like me ). Traders look for young exploration Juniors that have good drill core as in the mining Industry, the drill core is your bread & butter. Traders ( active ) will sit and play $ 0.02 spreads which keeps the share price volatile and range bound. Puma, the way i see it anyway, had a average share price of $ 0 .40 prior the 2008 Global crash with only 45 million shares out. Recent financing of ten milliom shares has created more floating shares to be held at higher prices and now with Sprotts financing helps to set a new base here at $ 0.35. Now with 64 milliom shares setting a new base here the shares can move higher on good news and will eventually become held by long term investors seeing the true mining potential. Once the share float tightens up the price can go higher and Puma can make company decissions on their future plans. PS" just my opinion here, but keep some shares as this Puma has alot of current value ( ore )..Look at Friday "s close and notice the bids and ask as the bid"s are building and the ask are shrinking and also notice who is playing the penny spread...with out prejudice Traps7
V:PUM Depth by Order @15:55:43 |
Bid | Ask | |||||
Broker | Size | Price | Price | Size | Broker | |
80 National Bank | 1,500 | 0.34 | 0.35 | 46,000 | 80 National Bank | |
80 National Bank | 10,000 | 0.34 | 0.35 | 20,000 | 48 Laurentian | |
62 Haywood | 10,000 | 0.34 | 0.35 | 10,000 | 19 Desjardins | |
80 National Bank | 10,000 | 0.34 | 0.355 | 10,000 | 1 Anonymous | |
7 TD Sec | 13,500 | 0.335 | 0.36 | 10,000 | 1 Anonymous | |
46 Macquarie | 10,000 | 0.335 | 0.36 | 10,000 | 1 Anonymous | |
79 CIBC | 9,000 | 0.335 | 0.36 | 5,000 | 80 National Bank | |
46 Macquarie | 10,000 | 0.33 | 0.36 | 10,000 | 1 Anonymous | |
2 RBC | 2,925 | 0.33 | 0.36 | 5,000 | 80 National Bank | |
79 CIBC | 5,000 | 0.33 | 0.365 | 5,000 | 1 Anonymous |