Re: Huge up tick today in SP, what gives?

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lawnbowler

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Re: Huge up tick today in SP, what gives?

in response to

Huge up tick today in SP, what gives?

zakaran

posted on Jun 04, 2012 05:12PM

just wondering if this smells of a take over pending, any thoughts.

First, they ain't getting any of my shares at these prices, that is for dang certain. Not sure if it means a lot, if anything, but last Friday the price of gold was up over $60 or so, and consolidated today. Then today, the HUI was up over 6 pts to close over 450 for the first time in a while. Then, maybe with AUM and AUMN shares, there was some short covering (hedgies putting some clothes on, so they weren't naked any more). Then maybe the realisation that a sp below $5 is fantastic value. Then maybe there is a chance AUMN will get back to it's price it was at ($19-20), at the time of the ECU merger.