Here's the article! November 21, 2006 Sulja CEO Resigns, Shares Bounce Back It is always rare to see a CEO suddenly resigning, but the announcement of the resignation of Sulja Bros. Building Supplies Ltd. (OTC: SLJB) CEO Petar Vucicevich came as no surprise in light of the recent negative press surrounding Vucicehich. Right out of the gate, the stock reacted in an overly positive manner, hitting a morning high of $.039, more than triple its previous close of $.0115. Sulja shares are now off their highs, but still up $.0145, or 126%, to $.026 on heavy volume of 61 million shares. While some investors might consider this a relief rally, or the start of some upward movement to get Sulja price back to "fair" value, it would be foolish to believe such scenarios and jump back in Sulja stock. Given the facts that there are no audited financials to properly valuate Sulja stock, a current probe by the RCMP, http://www.rcmp-grc.gc.ca/index_e.htm and no doubt further regulatory scrutiny coming due to the volatile and active trading in Sulja shares, the market reaction should be looked at as excessive and seen as nothing more than a mere dead cat bounce. Click here for the full story and much more in-depth coverage of Sulja.
by Thomas @ 1:48 PM | 0 replies | E-mail | RSS Link to: Del.icio.us | Digg | Technorati
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