loogs, as you said the big money will not be until 2015/16 BUT by then I would be thinking more along the lines of $8 to $12 - at the end of the day everyone has their own time-scale, risk/reward and lives that they must initially think about. The market should never drive ones own life and if so, well then a fully liquid cash situation should always be considered. Fortunately I have many moons left! (lol)
Anyhow for Pat, it was inevitable. Think simplicity for one moment. IF there is not a great deal of stock left to accumulate here (weak hands/panic selling) then what is the best way to obtain a little covering without driving the share price up?! Again I come back to the Queens B-Day. My bet is that at 12 o'clock last night they lost a little stock BUT were determined to ensure the price was at a level where they may be able to contain it here - which in my personal opinion is unlikely due to the fact that a few bigs are about to go all in!
Should be an interesting day non-the-less, I will be tied up so will catch up will you all tonight.
Peace out, and if trading trade safe,
NL
UNS Price at posting:
69.0¢ Sentiment: ST Buy Disclosure: Held
