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Bullboard - Stock Discussion Forum Ursa Major Minerals Incorporated T.UMJ

TSX:UMJ - Post Discussion

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Post by Broke78 on Apr 11, 2011 3:54pm

Wedge

The last 2.5 months show a nice little wedge.  Declining resistance (.17-.15) about to bounce off the steady and continuously tested support (.145).  Would be nice if these lines met with the quarterly results - should we go test out 24 cents again?
Comment by prested on Apr 12, 2011 6:06pm
You are using technicals to make predictions, and while this is an accepted practice (though I presonally have little faith in it), there is a factor at play here that makes it very difficult to predict because it defies the usual market motivations, so greed is replaced by ego.   If it were not for that I thi nk we would be seeing .20 already. As it is, who knows when it will ...more  
Comment by lonecrow on Apr 13, 2011 9:45am
Profits are only going to rise.. every day that goes by is like a taxi meter.. chaching.. chaching... chaching... This has nowhere else to go but up with the current prices.  In a weak economy minerals and precious metals are always driven sky high.  You can't get more tangible than actual metal.  People will continue to invest their money in this area of investment while other ...more  
Comment by rallydriver on Apr 13, 2011 10:11am
 wont the road be closed to the taxi, temporarily, soon?
Comment by tickle1st on Apr 13, 2011 10:18am
And costs are going to go up...fuel, cost to remove millions of tonnes of overburden, low grade blended ore run through the mill.I suggest the market has valued URSA fully, and it has for a while. the only upside to the stock was Inspirations stupid idea that there was value here.Your chaching might just be turning into a ...yikes! why was I so stupid ....soon.I keep coming here to remind myself ...more  
Comment by throughmud on Apr 13, 2011 1:26pm
The road may already be closed to full loads. This might last until late May, depending on weather conditions.We should see the year-end report in about 3 weeks, which is likely before the truckin' re-starts.mud
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