Russell: No, I'm not at all familiar with your method. I tend to rely on the Investor's Bus. Daily, do my own charting of their weekly top stocks and then put in a buy order at about 5% or so less than the current price. Now; as to ULB and other similiar 'penny' stocks, my broker and I pay attention to who's buying what in his office (he's my cousin), to a broker from Raymond James on the east coast (cousin is in Calif.), a Smith-Barney broker here in TX, and what I read here on the net. We all exchange tips, pass the info around to get opinions from diff. angles, ck p/e, float, press releases, history and last, a call to the company.
Of coure our record is not perfect! Sure we have lost! But we all do quite well over all and are quite satisfied with our return. Our object is to make money, not beat someone else's record or plan of action. Whatever works for you: stick with it. ULB is a long play, but the company WILL talk to you, they have a definite long-range plan, the officers are not greedy, and they are growing. It is not a glamorous play and they do not toot their horn. (Darn!) But, at current price, they are soooooooo much more stable than 99% of penny stocks: it is a real and going concern. I truly hope you (and I) do well. ULB is in many, many, portfolios of those in the Silicon Valley, and there was an article about 1 year ago about Buffet buying some...doesn't mean he still has it, but then doesn't he keep everything he buys?
I promise to post any news I hear. You, too. |
