Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
We long term bears of Upland Resources (UPL), long derided by those who knew better, may be forgiven an extra glass of ouzo and a smug smile tonight for the share price action is becoming a rout. Monday’s shock expose that Upland appeared to be playing fast and loose with the truth with regard to its sole asset target has destroyed the dreams of its shareholders and what little credibility its management had.
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