daytrade diaries... friday, page-161

Here is another one of interest.. United Minerals (UMC). Currently trading right on the resistance line of 95.5c. An interesting announcement this morning with the appointment of UBS Investment Bank.





Now have a read of the announcement yourself, but to me it seems that there might be a take over in the wind.. something is going on IMHO.. Any thoughts?

Here is the chart. Last trade 96c. Next resitance if this is broken is $1.055 and then $1.155.