I have to confess....I have been momentum/swing trading stocks on and off for the past 5 years and this last few months have been my best ever. I bought and sold UNB on a run up a couple months ago. When the 43-101 blip sent the stock on a wild ride south, I decided to jump in and pick up some cheap shares. I bought at $.175 and sold at $.23, made a nice profit in only a week. After I sold I kept an eye on this stock while I was in my other stocks. I decided to get back in UNB last week because of the great metals diversification they have. I picked up shares at $.18 and then waited. I was at work on Monday and when I checked my quotes on the telephone at around 11am, I was surprised to hear that the share price was at $.25 cents. I decided to sell and that was it.
When I got home and actually checked online, I noticed the news release about UNB acquiring another property and then got sellers remorse. I felt I had made a mistake, and seeing posts here about the stock being up 25% in Frankfurt after I had sold made me feel worse. I decided today to get back in and go long on this stock because the upside potential is huge. I am a good investor and decided to be a smarter investor by going long. I have stock options through work and I plan on holding onto them til near the expiry date, rather then selling my fully vested options and getting a small pittance. I hope this helps clarify everything.
Cheers to the longs!!