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Microcap & Penny Stocks : USTI UNITED SYSTEMS TECH INC

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To: Popiye who wrote (907)10/12/1999 2:42:00 PM
From: Hubert Few  Read Replies (1) of 1001
 
Popiye said:"We longs knew there would be no NR. Next step will be financials. Best wishes:)"

No, actually, we "longs" don't know anything of the sort! Never underestimate the role of outrageous chance in a scenario such as this.

It is conceivable (to me anyway) there *IS* news in the wings. Consider if you will the insult added to injury when there DOES suddenly appear a very much unexpected news release.

Pity the foolish person who sells into the lowest point of support seen in 5 weeks.....today could be the day. It is amazing how an unspoken psychological "trigger" was hit when the bid reached 12 cents. (judging by the avalanche of negative posts on RB)

I will now state with a fair amount of confidence that a great many positive statements made by a few "big fish" regarding the recent trading are materially false.

Even the most rank amateur knows the cliche about "catching a falling knife".

Anyone up for a little "show and tell"?

Here's mine:

Although my stake is probably smaller than many would admit to.

My first profits were taken at 23 cents, I bought more at 18 cents..(had a buy order in at 15 that I almost made)...I then sold ALL of my shares yesterday at 17.5 cents when I saw a pronounced (to me anyway) trend toward profit-taking.

I believe in capital preservation, which is why I would never be defined as a true "long" in some people's book.

If I lose all my money, I can't play any more! If I do see the stock nearing 8 cents again, I will be all over it with renewed vigor!

So, my cards are on the table now.....nothing I have stated above in any way detracts from the value of the COMPANY! I can not speak to the foolish emotional actions of "investors" (including all too often, myself) The best that anyone can ever hope to do is make a few dollars here and there and profit equally from the experience.

I did say from the "git-go" that credibility on stock boards does not exist, and that the most honest among us will admit to sometimes being dishonest.

Enjoy the ride....I will return!
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