BottomUNB seems to have bottomed out at this level.
We have tested this level twice now in the past
few weeks, with buying coming in pushing prices
back into the 40's.
Northern Financial looks to be playing both sides
of the market today.
They have their bids in at .37 yet they have been
doing the majority of selling as well.
UNB hasn't traded in about an hour now,
and it shows us that there is no panic to sell.
Give this baby a few days, and we should be back
on track to higher levels.
Most of the PP selling is gone, and those
who sold at higher levels, and those who are
perhaps still short will be coming back.
There is way to much behind the scenes to abandon
this stock at this level.
Those who do so will regret their action in the days to come.
riddlethis