URL 0.00% 13.5¢ universal resources limited

heading north, page-19

  1. 258 Posts.
    It's never that simple.

    Look at it this way.....over a 5 day period over 50% of the company shares were bought and sold pushing the SP up 4 fold.

    After this announcement only 15 million shares have been traded bring the SP down 25%.

    So 5% of the shares which were traded in that 5 day period (15mil out of 300mil)have now been dumped because it's not the announcement day traders were looking for. The other 95% haven't reacted!!!

    Ask yourself why that might be? What does that 95% know that you might not (and specifically, why a company that can easily survive on less than 1.5 million cash each year and had an SP of 1c has suddently been granted a 20mil facility in a very tight credit market)?
 
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Currently unlisted public company.

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