Post by
MolySpecKing on Jun 01, 2007 3:49pm
FWIW-Price likes to retreat on lower volume
Take a cursory glance at daily volume. You will see UNB tends to slide on lighter volume days and move strongly on heavier days. Sounds bullish to me.
In looking at past runs, it seems UNB tends to consolidate before each run that drives it up 50-100%. The atmosphere at these levels may be maing me light headed but I want more upside!
The PM rally may be diverting attention away from moly plays like UNB for the time being. If as I believe this PM rally will last at least a few weeks more, the moly plays like UNB will certainly regain some attention after being overlooked for another few days. A rising tide should lift all boats, moly boats included.