Bullboard - Stock Discussion Forum Union Bankshares Inc UNB

Financial Services

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

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NDAQ:UNB - Post Discussion

Union Bankshares Inc > Told ya so

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Post by Sevster on Nov 30, 2005 12:24pm

Told ya so

Tax loss season folks. This includes every stock, even UNB - I seen as much every year. This stock will remain in this range until we see new financials. Need something concrete. Or a rumour. "buy on rumour sell on news"

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Comment by palladn on Nov 30, 2005 12:42pm

The only flaw in the 'tax loss season' theory is... not many have a loss in UNB or if they do, its minor. Look at the past years chart. Most likely those that bought at those Jan/Feb spikes already capitulated when UNB was bottoming or into the right side of the almost perfect Cup & Handle as it was forming 'UP'. Doubt many would sell with the events that are imminent, namely ...more

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Comment by THEPOPE6 on Nov 30, 2005 1:29pm

Exactly Palladn.. I have owned this stock since July 2004 and I saw many people capitulated when UNB went up last January and more as it was going down, more also when it started going back up... No TAX LOSS GOING ON HERE!!

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