Hello, Brian!
Yes! It's been quite a day! Lots of smallish trades - of course, the stock is so thinly traded that any enthusiasm, up or down, is reflected in huge price swings, and this is one of them.
I, too, am in for a lot higher than you - but will wait to see how things develop tomorrow before making a decision.
It appears the reopening of the mine is on hold, if you read between the lines. However, I think the price will rise further tomorrow as its oversold condition plays out - it may get to $1.00 - maybe more, on a rebound. At this point, we either decide to get our entirely, and get into something else that's more likely to move in the next week or two - I'm looking at ICA - V, note the rising bottoms and flat top - a reliable sign of an imminent breakout. I've already bought some around $1.05. (Currently $1.10). Sliding into this one a partial selloff of UKH could restore your capital in the near term, while we await further developments there.
On the other hand, you may be inclined to get out entirely, the price?
Hard to say at this point. It's bothersome that one of their CEO's is leaving - naturally, he's probably found greener pastures in this new mining company. The other concern now is, to raise capital, UKH may decide to issue more shares from its treasury to assist in its cash flow - which would keep its price low.
I'm trying to get a hold of a couple of savvy traders tonight to help me to decide my next move, and I'll keep you posted. Trouble is, I won't hear from them until later tonight, and possibly well after 11:00 p.m. from one of them, so I won't be able to post anything until close to midnight.
I guess we were both overly invested in a company before it really got going, but then, that's the point where one can make the greatest profit.
In the longer run, if silver continues to climb, and with their existing reserves, when they figure out how to fix their cash flow problem, Keno will begin to move up again.
So, do we sell into strength and redirect the money into a rising stock? And how much?
More later tonight.
Any suggestions from anyone else on this thread? Claude?
Harry K. |
