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Bullboard - Stock Discussion Forum
Ursa Major Minerals Incorporated
T.UMJ
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TSX:UMJ - Post Discussion
Ursa Major Minerals Incorporated
> Sellers drying up
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•••
fairfax1
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Post by
fairfax1
on Mar 18, 2010 1:31pm
Sellers drying up
So far no dumps today.... looks like we are slowly getting rid of weak hands.
(0)
•••
fullhouse101
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Comment by
fullhouse101
on Mar 18, 2010 2:06pm
Tough call here but house 81 and 80 want filling at 10 or 10.5 support but may have topush their bids up a wisker to get filled. Most of the action is smaller trades to test it but either way, this is super cheap. A couple of weeks out might tell a much nicer story. RS intends to give us some data shortly. And we have spot nickel at $10.28 and copper at 3.38. The revenue numbes were with
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•••
cupricity
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Comment by
cupricity
on Mar 18, 2010 3:38pm
Whoever is dumping into the bid got rid of a good chunk today, their maybe more though. They seem unwilling to sell under 11 cents with less than 60,000 shares sold at 10.5 in the last month. So far if you want shares there are lots at 11.5 cents some at 11 cents. Who knows when we have changed hands enough, but there really isn't any risk compared to reward. Almost 1
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fleeinggrandich
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Comment by
fleeinggrandich
on Mar 18, 2010 7:07pm
Who knows when we have changed hands enough, but there really isn't anyrisk compared to reward. Almost 1% of the stock traded today.It was funny to see that huge 137k block go at 12 cents this afternoon. Granted, it's only $15k, but that's still a lot for a retail investor to buy, at such a high price, given the demonstrated opportunity to load up slow at 10.5 or 11 cents.I guess
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•••
cupricity
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Comment by
cupricity
on Mar 18, 2010 10:05pm
There is some volume being generated at 11 cents, but almost none at 10.5 cents. The majority of sales are 11.5 cents and have been for almost a month. But today shows us that once whoever is selling gets rid of the rest of their shares and the holders are happier with going long this will go up fast. It is not hard to see a double or triple
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