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Gold/Mining/Energy : Ultra Petroleum (UPL) -- Ignore unavailable to you. Want to Upgrade?


To: Hickory who wrote (4486)11/5/1999 6:20:00 PM
From: ISPYOIL  Respond to of 4851
 
Ride the PUMP and DUMP wave!! imho the only s/t play in UP is to ride the wave is to buy on the end of dump, under 1$C ,and sell on the pump, say 1 3/4$C. There is just too many shares trying to get out to have the stock rise further. A reverse stock split may be required soon to keep the stock listed as even the infamous Canadian exchanges are trying to get more respectable(less shady). Maybe the company could move to the Kiev or Moscow exchanges?!
Longterm after the reverse split, the equity offering(s) and a lot of drilling(say two or three years), there may be a real play here. just myho. Or and a few years of lawsuits by shareholders and other parties has to pass also.