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Bullboard - Stock Discussion Forum Union Bankshares Inc UNB

Union Bankshares, Inc. is a one-bank holding company whose sole subsidiary is Union Bank. Its business is that of a community bank in the financial services industry. The Union Bank provides full retail, commercial, municipal banking, and wealth management and trust services. It is providing retail banking services to individuals and commercial banking services to small and medium sized... see more

NDAQ:UNB - Post Discussion

Union Bankshares Inc > new short position
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Post by streamer23 on Mar 03, 2006 7:11pm

new short position

As of February 28th.....1,363,000 shares short,an increase of 1,313,000 since the last report 2 weeks ago.No doubt due to warrants on the recent private placement.Next report out in 2 weeks at which time there should be almost no short position..in my opinion.
Comment by palladn on Mar 03, 2006 7:29pm
I agree streamer23, Notice that there wasnt a 'dump' of stock as the warrants/shares became 'free trading'??? :) palladn
Comment by streamer23 on Mar 03, 2006 7:43pm
Yes,I noticed that.I think some of the big boys were quietly waiting to pick up some cheap shares this week.As the week came to a close and the shares didn't materialize,the buying continued.
Comment by perthx on Mar 03, 2006 8:30pm
I think that the push down we saw the end of last week into this week were those who could shorting their PP shares to lock their profits. Oh won't they be so very sorry now we are moving back up. I tried picking up another 50k shares near the lows this week but got too cute and missed by about a penny. Who cares!! let's test .60 and then make new highs over .67. Here's to a ...more  
Comment by palladn on Mar 03, 2006 9:28pm
...or Bald Butte drilling of new area news, or Oil/Gas news, or C-Gulch drilling permits being applied for news, or...or.... So many great things in the works. palladn
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