Yesterday was the highest volume trading day EVER in this stock. It was more than 3 times higher than any previous single day. This morning has seen some panic selling from people who either wanted to lock in profits or were worried that the US market didn't follow suit or were simply following the herd.
In the first hour of today's trading we have seen the second largest volume EVER. Today's low was reached within minutes of opening and only on about 3 million trades. Since then the price has been steadily increasing with volume already more than half of yesterday's and more than twice the previous highest day's trading.
The fundamentals are there and the fact that a large pharma is willing to throw $15M at this company just for a chance at making a good deal speaks volumes.
I confess to only being in this stock for a couple of months but have to say this is very exciting. Good luck to all and particularly long term holders who seem to have had a pretty nerve wracking ride.
Rev
UNS Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
