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Ultrapetrol (Bahamas) Ltd. Message Board

  • cyrussv cyrussv Nov 14, 2012 9:37 AM Flag

    The they could have bought the company outright

    but the Menendez bro's wouldn't allow it?

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    • With ULTR breaking out above $1.63 on it's weekly chart it looks set to see higher prices...

      Also, take note of the fact that the 10 week moving average has not traded above the 33 week moving average (a prerequisite for a rally) since early 2011. With the current breakout the 10 week moving average NOW has a chance to issue a buy signal for the first time in many many many months.

      Technically speaking the stock has not been a buy since early 2011 - hence the drop since then.

      ULTR goes nowhere if it can't defend $1.63...

      I got tired of watching stocks go down and now use :m:u:a:t:h:e: . :c:o:m: (without the colons) for amazing breakouts.

      Sentiment: Buy

0.3316-0.0784(-19.12%)Jun 24 4:00 PMEDT