TSXV:KUR.H - Post by User
Comment by
Moneyclipon Dec 17, 2006 3:59pm
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Post# 11881529
RE: BEING UP ABOUT 800% IN A MONTH
RE: BEING UP ABOUT 800% IN A MONTH Well we didn't bust a buck last week, but does not seem to be an issue.... it's gonna happen without a doubt, this is just too big.
Seems that there is some accumulation being done at this level, volumes have remained high so they haqve kept a lid on the ceiling and will continue to accumulate at these levels until they have cycled out the weak. This is not surprising since recent gains have been to tempting for some who may not have a grasp of the true valuations of these assets.
Buying pressure remains high and will send us up above $1.00 without news once the flow of shares dwindles at these levels. Whoever, ends up winning this bidding war will have accumulated as much as they can of LOOK and UBS in the open market prior to announcing their bid, say 20 million shares of each co. This will reduce the overall cost of their buyout but also indicates they have alot more to accumulate in the open market.
LOOK for us to move to higher levels soon.
Enjoy the ride