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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Hickory who wrote (4394)9/14/1999 1:06:00 PM
From: upultra  Read Replies (1) of 4851
 
Hickory, why do you say that the trade of 141,000 this morning was a dump? Could it not just as likely be a block buy? The trade could easily (and likely at this time) be made of of a bunch of small sellers and the one big buyer. If I understand correctly those 500,000 + crosses the last couple of weeks were made of up many small sellers and one large buyer. I just don't think any big buyers would be selling at this time.

I agree we will likely sit at around $2 until the drilling results are out later this week or next. If these results are good to excellent I think we will see another move UPwards. If they are bad however the stock will likely correct.

cheers,
riker
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