OTCQB:UEXCF - Post by User
Post by
GROGon Mar 19, 2004 11:13am
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Post# 7235551
A little overreaction I think
A little overreaction I thinkToday's jump, while pleasantly taken by yours truly, has to be weighed with other economic considerations. Triple witching, POG, Friday trades, and euphoria on the NR might have a slight downward pressure on the share price by the end of the day.
Also I agree that the Institutionals are not in for a second round of buying. Suggests that perhaps there was a loading up on the last run up and the market is saturated with UEX at the moment.
Whatever plays out by the close of business today, My opinion remains the same as yesterday. This stock will rock on medium grades. Perhaps UEX hopes to use a run up in share price to dilute the float with "richer" private placements? The funds could be used to pay for the new properties.
GROG