UNV 0.00% 16.0¢ universal coal plc

10c, page-43

  1. 88,219 Posts.
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    evening all,

    although extraordinarily thin, the odd buyer seems to think it not such a bad idea to buy a few in the light of the directors stumping up regularly.

    One would have to be hard up for cash to sell out of a stock that the directors are buying at what appears to be the bottom of a move with a RISING (and just turned if this week holds) MACD ------- in a new producer about to begin exporting.

    This thing has 20 cents written all over it if the financials read ok this quarter and particularly if the next quarter predictions are ok.

    I can see an update coming here and a gap on the chart that will make holders smile and recent sellers reach for the whisky and a smoke.

    Now, the macd has to hold for the week - but even early this looks pretty good.

    Have a great night all, discount door closing :)

    Pinto

 
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