UBS in the buying moodIf you take the time to add up UBS trading since OPC was at the 25.00 area, you will see they were short several million shares.. now look in the past ,month when they started buying in earnest... Mar 25 when OPC decided to move above 1.00 . Keeping er tight after lunch but still think 1.60 - 1.68 is in the cards .. I can feel the tension on this volume so very glad to have a nice long position. Let's face it.. what are the possibilities..
Just trading back to decent potential value along with the increase in the price of oil?
Major short covering giving hugh volume and 157 million shares trading since the low of less than 3 weeks ago?
There really is someone looking to buy this company?
Should you dig out the visa and buy 10,000 shares and not tell the wife? Probably not a good thing to do.