SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Winspear Resources
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: HARLEY II who wrote (3421)10/12/1997 9:37:00 PM
From: The Fix   of 26850
 
Harley....Your very useful here. Don't stop posting on the WSP thread. I'm glad you've given all on here the different points of view. The Fix is terible for explaining things when asked upon.

I will say this, your source from the brokerage house is a JOKE! I'd change Brokers or sources.

What I see happening with WSP is this. Broker from Canaccord or whoever gets a Customer into WSP at let's say $1.50 a share and at the same time puts a stop loss/limit on the shares on behalf of their client at $1.10. Canaccord sells some long and can borrow to short. Price drops to $1.10 and the clients long shares are activated to sell. This helps to deflate the price and it increases volume along with more fees. When ever anyone sells shares it helps to deflate the price. Be it long shares or Short shares. Think of this as a looping effect. Canaccord doesn't need to cover yet because the price is below $1.50. There showing the asset of $1.50 (cash) on the books and a droping liability (short paper) outstanding on the books. The VSE can't call in the Brokerage houses short position because of the $1.50 cash asset value on the books. It's a giant ponzie/pyramid (in your words) scheme.

Please answer my questions as to where you stand on WSP and do you agree for all of us to collect our paper.

The Fix.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News